Trustpilot Group (LON:TRST) Stock Price Up 13.3% After Insider Buying Activity

Trustpilot Group plc (LON:TRST) rose 13.3% on Saturday after an insider bought additional shares in the company. The company traded as high as GBX 150 and last traded at GBX 146.40. Approximately 8,857,204 shares changed hands during trading, an increase of 137% from the average daily volume of 3,740,079 shares. The stock had previously closed at GBX 129.20.

Specifically, insider Joe Hurd bought 718 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was acquired at an average cost of GBX 140 per share, for a total transaction of £1,005.20. Also, insider Hanno Damm purchased 50,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was bought at an average price of GBX 140 per share, for a total transaction of £70,000. In related news, insider Zillah Byng-Thorne acquired 108,116 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was bought at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TRST shares. UBS Group reaffirmed a “buy” rating and set a GBX 400 target price on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Trustpilot Group has an average rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Performance

The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The company has a market cap of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The business has a fifty day simple moving average of GBX 197.45 and a two-hundred day simple moving average of GBX 219.77.

Trustpilot Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, September 16th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Trustpilot Group Company Profile

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.