Trustpilot Group (LON:TRST) Shares Up 10% After Insider Buying Activity

Trustpilot Group plc (LON:TRST) shares traded up 10% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 143.20 and last traded at GBX 142.10. 62,497,105 shares were traded during mid-day trading, an increase of 1,476% from the average session volume of 3,966,408 shares. The stock had previously closed at GBX 129.20.

Specifically, insider Joe Hurd bought 718 shares of Trustpilot Group stock in a transaction that occurred on Friday, December 5th. The stock was purchased 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 company’s stock in a transaction on Thursday, December 4th. The stock was bought at an average cost 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 business’s stock in a transaction dated Thursday, December 4th. The stock was bought at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TRST shares. Deutsche Bank Aktiengesellschaft boosted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. UBS Group restated a “buy” rating and set a GBX 400 price objective on shares of Trustpilot Group in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Trustpilot Group presently has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Trading Up 13.3%

The business’s 50-day simple moving average is GBX 197.45 and its 200-day simple moving average is GBX 219.77. The company has a market cap of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its board has authorized a share buyback program on Tuesday, September 16th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

About Trustpilot Group

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.