TrueCar, Inc. (NASDAQ:TRUE) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of TrueCar, Inc. (NASDAQ:TRUE) by 22.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,874 shares of the technology company’s stock after buying an additional 8,961 shares during the period. SG Americas Securities LLC owned approximately 0.05% of TrueCar worth $169,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Swiss National Bank grew its stake in shares of TrueCar by 7.7% in the 1st quarter. Swiss National Bank now owns 204,200 shares of the technology company’s stock worth $807,000 after purchasing an additional 14,600 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of TrueCar by 434.3% in the 1st quarter. MetLife Investment Management LLC now owns 51,943 shares of the technology company’s stock worth $205,000 after purchasing an additional 42,221 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TrueCar by 16.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,859,387 shares of the technology company’s stock worth $11,293,000 after purchasing an additional 403,592 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of TrueCar by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 4,447,086 shares of the technology company’s stock worth $17,565,000 after purchasing an additional 120,925 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of TrueCar by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 254,478 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 9,534 shares during the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.

TrueCar Price Performance

TrueCar stock opened at $2.93 on Monday. The firm’s 50 day simple moving average is $3.49 and its 200-day simple moving average is $3.01. The company has a market cap of $268.31 million, a P/E ratio of -5.23 and a beta of 1.65. TrueCar, Inc. has a fifty-two week low of $1.76 and a fifty-two week high of $4.05.

TrueCar (NASDAQ:TRUE) last released its earnings results on Tuesday, February 20th. The technology company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.05. The business had revenue of $41.29 million for the quarter, compared to the consensus estimate of $41.50 million. TrueCar had a negative net margin of 31.36% and a negative return on equity of 24.27%. On average, analysts expect that TrueCar, Inc. will post -0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $4.50 price objective on shares of TrueCar in a research note on Wednesday, February 21st.

Insider Buying and Selling

In related news, EVP Jeff Swart sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $3.45, for a total transaction of $51,750.00. Following the completion of the sale, the executive vice president now directly owns 325,044 shares in the company, valued at $1,121,401.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.90% of the stock is currently owned by corporate insiders.

TrueCar Company Profile

TrueCar, Inc operates as an internet-based information, technology, and communication services company in the United States. It operates its platform on the TrueCar website and mobile applications. Its platform enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar certified dealers.