TrueCar, Inc. (TRUE) SVP John Pierantoni Sells 2,633 Shares
TrueCar, Inc. (NASDAQ:TRUE) SVP John Pierantoni sold 2,633 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $15.87, for a total transaction of $41,785.71. Following the completion of the sale, the senior vice president now directly owns 63,027 shares of the company’s stock, valued at $1,000,238.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
John Pierantoni also recently made the following trade(s):
- On Monday, September 18th, John Pierantoni sold 3,964 shares of TrueCar stock. The stock was sold at an average price of $16.56, for a total transaction of $65,643.84.
- On Wednesday, July 26th, John Pierantoni sold 55,895 shares of TrueCar stock. The stock was sold at an average price of $19.81, for a total transaction of $1,107,279.95.
TrueCar, Inc. (NASDAQ TRUE) opened at 15.96 on Wednesday. TrueCar, Inc. has a 12-month low of $8.47 and a 12-month high of $21.75. The stock’s 50 day moving average is $16.36 and its 200-day moving average is $17.37. The company’s market capitalization is $1.57 billion.
TrueCar (NASDAQ:TRUE) last posted its earnings results on Tuesday, August 8th. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $81.82 million for the quarter, compared to the consensus estimate of $80.75 million. TrueCar had a negative return on equity of 11.00% and a negative net margin of 9.86%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. On average, equities analysts predict that TrueCar, Inc. will post $0.02 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of TrueCar from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley reiterated an “underweight” rating and issued a $13.00 target price (up previously from $12.00) on shares of TrueCar in a research note on Thursday, July 20th. B. Riley reiterated a “buy” rating and issued a $21.00 target price on shares of TrueCar in a research note on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 target price on shares of TrueCar in a research report on Friday, August 4th. Finally, Cowen and Company reissued a “hold” rating and set a $15.00 target price on shares of TrueCar in a research report on Thursday, August 17th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. TrueCar presently has an average rating of “Buy” and an average price target of $18.56.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd grew its holdings in TrueCar by 158.6% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 11,972,257 shares of the technology company’s stock valued at $238,607,000 after buying an additional 7,342,518 shares in the last quarter. Steadfast Capital Management LP bought a new position in TrueCar during the 2nd quarter worth $56,303,000. Ontario Teachers Pension Plan Board bought a new position in TrueCar during the 2nd quarter worth $49,825,000. Vanguard Group Inc. increased its position in TrueCar by 43.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,574,867 shares of the technology company’s stock worth $131,037,000 after buying an additional 2,004,642 shares during the period. Finally, Calixto Global Investors LP bought a new position in TrueCar during the 2nd quarter worth $29,373,000. Institutional investors and hedge funds own 91.71% of the company’s stock.
TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.
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