Insider Selling: TrueCar Inc (NASDAQ:TRUE) EVP Sells 10,443 Shares of Stock

TrueCar Inc (NASDAQ:TRUE) EVP Neeraj Gunsagar sold 10,443 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $11.28, for a total transaction of $117,797.04. Following the completion of the sale, the executive vice president now directly owns 254,144 shares of the company’s stock, valued at $2,866,744.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Neeraj Gunsagar also recently made the following trade(s):

  • On Tuesday, January 2nd, Neeraj Gunsagar sold 1,098 shares of TrueCar stock. The shares were sold at an average price of $11.24, for a total transaction of $12,341.52.
  • On Monday, October 16th, Neeraj Gunsagar sold 1,882 shares of TrueCar stock. The stock was sold at an average price of $15.22, for a total value of $28,644.04.
  • On Monday, October 2nd, Neeraj Gunsagar sold 1,096 shares of TrueCar stock. The stock was sold at an average price of $15.78, for a total value of $17,294.88.

Shares of TrueCar Inc (NASDAQ TRUE) traded down $0.44 during trading on Friday, reaching $11.74. The company’s stock had a trading volume of 1,683,024 shares, compared to its average volume of 1,550,000. TrueCar Inc has a 52-week low of $10.16 and a 52-week high of $21.75. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1,170.00, a PE ratio of -33.54 and a beta of 2.70.

Several analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $21.00 price objective on shares of TrueCar in a report on Monday, October 2nd. Zacks Investment Research upgraded TrueCar from a “sell” rating to a “hold” rating in a report on Thursday. Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of TrueCar in a report on Wednesday, October 11th. Morgan Stanley upgraded TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock in a report on Monday, October 2nd. Finally, ValuEngine downgraded TrueCar from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $17.50.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caledonia Private Investments Pty Ltd boosted its position in shares of TrueCar by 35.7% in the third quarter. Caledonia Private Investments Pty Ltd now owns 16,240,758 shares of the technology company’s stock valued at $98,542,000 after acquiring an additional 4,268,501 shares during the period. Vanguard Group Inc. raised its stake in shares of TrueCar by 43.9% in the second quarter. Vanguard Group Inc. now owns 6,574,867 shares of the technology company’s stock valued at $131,037,000 after purchasing an additional 2,004,642 shares in the last quarter. Senvest Management LLC raised its stake in shares of TrueCar by 4.6% in the third quarter. Senvest Management LLC now owns 3,975,385 shares of the technology company’s stock valued at $62,771,000 after purchasing an additional 174,103 shares in the last quarter. EastBay Asset Management LLC raised its stake in shares of TrueCar by 94.7% in the second quarter. EastBay Asset Management LLC now owns 2,894,876 shares of the technology company’s stock valued at $57,695,000 after purchasing an additional 1,408,301 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of TrueCar by 3.8% in the third quarter. First Trust Advisors LP now owns 2,851,218 shares of the technology company’s stock valued at $45,021,000 after purchasing an additional 104,381 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

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TrueCar Company Profile

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.

Insider Buying and Selling by Quarter for TrueCar (NASDAQ:TRUE)

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