Neeraj Gunsagar Sells 1,098 Shares of TrueCar Inc (TRUE) Stock

TrueCar Inc (NASDAQ:TRUE) EVP Neeraj Gunsagar sold 1,098 shares of TrueCar stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $11.24, for a total value of $12,341.52. Following the completion of the sale, the executive vice president now directly owns 242,502 shares of the company’s stock, valued at approximately $2,725,722.48. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, December 18th, Neeraj Gunsagar sold 10,443 shares of TrueCar stock. The shares were sold at an average price of $11.28, for a total value of $117,797.04.
  • On Monday, October 16th, Neeraj Gunsagar sold 1,882 shares of TrueCar stock. The shares were sold at an average price of $15.22, for a total value of $28,644.04.

Shares of TrueCar Inc (NASDAQ:TRUE) opened at $11.65 on Thursday. TrueCar Inc has a twelve month low of $10.16 and a twelve month high of $21.75. The company has a current ratio of 6.31, a quick ratio of 6.31 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1,160.00, a price-to-earnings ratio of -33.29 and a beta of 2.70.

Several equities analysts have recently commented on TRUE shares. Zacks Investment Research downgraded TrueCar from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Goldman Sachs Group reiterated a “neutral” rating and issued a $17.00 target price on shares of TrueCar in a research report on Wednesday, October 11th. Royal Bank of Canada decreased their target price on TrueCar from $23.00 to $18.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 7th. B. Riley restated a “buy” rating and set a $18.00 price objective (down from $21.00) on shares of TrueCar in a research report on Tuesday, November 7th. Finally, 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 research report on Monday, October 2nd. One 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’s stock. TrueCar presently has an average rating of “Hold” and an average target price of $17.50.

Institutional investors and hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can raised its stake in TrueCar by 185.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,576 shares of the technology company’s stock worth $210,000 after acquiring an additional 6,873 shares during the last quarter. Sei Investments Co. raised its stake in TrueCar by 41.4% in the 2nd quarter. Sei Investments Co. now owns 15,264 shares of the technology company’s stock worth $304,000 after acquiring an additional 4,471 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in TrueCar by 32.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 288,834 shares of the technology company’s stock worth $5,757,000 after acquiring an additional 70,231 shares during the last quarter. Rhumbline Advisers raised its stake in TrueCar by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 69,350 shares of the technology company’s stock worth $1,382,000 after acquiring an additional 10,291 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in TrueCar by 18.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 404,404 shares of the technology company’s stock worth $8,060,000 after acquiring an additional 62,982 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/11/neeraj-gunsagar-sells-1098-shares-of-truecar-inc-true-stock.html.

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)

Receive News & Ratings for TrueCar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply