Assenagon Asset Management S.A. Sells 16,900 Shares of TrueCar, Inc. $TRUE

Assenagon Asset Management S.A. trimmed its stake in TrueCar, Inc. (NASDAQ:TRUE) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,519 shares of the technology company’s stock after selling 16,900 shares during the quarter. Assenagon Asset Management S.A. owned 0.14% of TrueCar worth $229,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC bought a new stake in TrueCar in the first quarter worth $30,000. Strs Ohio bought a new stake in TrueCar in the first quarter worth $38,000. ProShare Advisors LLC boosted its holdings in TrueCar by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 24,123 shares of the technology company’s stock worth $90,000 after acquiring an additional 7,938 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in TrueCar by 43.5% in the fourth quarter. Two Sigma Advisers LP now owns 33,000 shares of the technology company’s stock worth $123,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in TrueCar by 55.2% in the fourth quarter. Mackenzie Financial Corp now owns 34,044 shares of the technology company’s stock worth $127,000 after acquiring an additional 12,112 shares in the last quarter. 79.44% of the stock is owned by institutional investors.

TrueCar Trading Down 2.0%

TrueCar stock opened at $1.98 on Monday. The business’s fifty day simple moving average is $2.05 and its two-hundred day simple moving average is $1.76. TrueCar, Inc. has a 12 month low of $1.05 and a 12 month high of $4.62. The company has a market capitalization of $175.11 million, a price-to-earnings ratio of -5.82 and a beta of 1.97.

TrueCar 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.