TrueCar, Inc. (NASDAQ:TRUE) CFO Michael Guthrie sold 70,353 shares of TrueCar stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $19.80, for a total transaction of $1,392,989.40. Following the transaction, the chief financial officer now owns 359,847 shares in the company, valued at approximately $7,124,970.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Michael Guthrie also recently made the following trade(s):

  • On Thursday, August 3rd, Michael Guthrie sold 33,673 shares of TrueCar stock. The shares were sold at an average price of $19.01, for a total transaction of $640,123.73.
  • On Friday, August 4th, Michael Guthrie sold 124,999 shares of TrueCar stock. The shares were sold at an average price of $19.02, for a total transaction of $2,377,480.98.
  • On Tuesday, August 1st, Michael Guthrie sold 110,472 shares of TrueCar stock. The shares were sold at an average price of $18.84, for a total transaction of $2,081,292.48.
  • On Monday, July 31st, Michael Guthrie sold 94,747 shares of TrueCar stock. The shares were sold at an average price of $18.77, for a total transaction of $1,778,401.19.
  • On Wednesday, August 2nd, Michael Guthrie sold 290,052 shares of TrueCar stock. The stock was sold at an average price of $18.66, for a total transaction of $5,412,370.32.
  • On Thursday, July 27th, Michael Guthrie sold 146,888 shares of TrueCar stock. The stock was sold at an average price of $18.89, for a total transaction of $2,774,714.32.
  • On Friday, July 28th, Michael Guthrie sold 322,865 shares of TrueCar stock. The stock was sold at an average price of $19.12, for a total transaction of $6,173,178.80.

TrueCar, Inc. (TRUE) opened at 16.73 on Thursday. The company’s 50-day moving average is $19.66 and its 200 day moving average is $16.67. The company’s market capitalization is $1.55 billion. TrueCar, Inc. has a one year low of $8.09 and a one year high of $21.75.

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Several brokerages have commented on TRUE. Morgan Stanley reiterated an “underweight” rating and issued a $13.00 price target (up previously from $12.00) on shares of TrueCar in a research note on Thursday, July 20th. TheStreet upgraded shares of TrueCar from a “d” rating to a “c” rating in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of TrueCar from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, May 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $23.00 target price (up from $22.00) on shares of TrueCar in a report on Thursday. Finally, Cowen and Company boosted their target price on shares of TrueCar from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.56.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Mercantile Trust Co. bought a new position in shares of TrueCar during the first quarter valued at $141,000. BNP Paribas Arbitrage SA raised its position in shares of TrueCar by 648.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,937 shares of the technology company’s stock valued at $158,000 after buying an additional 6,876 shares during the last quarter. Sei Investments Co. bought a new position in shares of TrueCar during the first quarter valued at $167,000. North Star Investment Management Corp. bought a new position in shares of TrueCar during the second quarter valued at $179,000. Finally, SG Americas Securities LLC bought a new position in shares of TrueCar during the first quarter valued at $190,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

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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