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

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

  • 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 transaction 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 transaction of $17,294.88.

TrueCar Inc (TRUE) traded down $0.13 during trading on Wednesday, hitting $11.34. 1,122,300 shares of the stock traded hands, compared to its average volume of 1,561,129. The company has a quick ratio of 6.31, a current ratio of 6.31 and a debt-to-equity ratio of 0.09. TrueCar Inc has a twelve month low of $10.16 and a twelve month high of $21.75.

Several research firms have commented on TRUE. B. Riley restated a “buy” rating and issued a $21.00 target price on shares of TrueCar in a research report on Saturday, August 26th. Goldman Sachs Group restated a “neutral” rating and issued a $17.00 target price on shares of TrueCar in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of TrueCar from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley upgraded shares of TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 target price for the company in a research report on Monday, October 2nd. Finally, ValuEngine cut shares of TrueCar from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. TrueCar has a consensus rating of “Hold” and a consensus price target of $17.44.

Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of TrueCar by 15.6% in the second quarter. Ameritas Investment Partners Inc. now owns 5,427 shares of the technology company’s stock valued at $108,000 after acquiring an additional 734 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of TrueCar in the third quarter valued at approximately $104,000. Massey Quick Simon & CO. LLC bought a new position in shares of TrueCar in the third quarter valued at approximately $119,000. BNP Paribas Arbitrage SA boosted its holdings 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 acquiring an additional 6,876 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of TrueCar by 185.6% in the second quarter. Great West Life Assurance Co. Can now owns 10,576 shares of the technology company’s stock valued at $210,000 after acquiring an additional 6,873 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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About TrueCar

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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