Trustpilot Group (LON:TRST) Trading 13.3% Higher Following Insider Buying Activity

Trustpilot Group plc (LON:TRST) shares traded up 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. 8,857,204 shares were traded during trading, an increase of 137% from the average session volume of 3,740,079 shares. The stock had previously closed at GBX 129.20.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRST. Deutsche Bank Aktiengesellschaft upped their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a 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 research report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 340.75.

Trustpilot Group Stock Up 13.3%

The firm’s 50 day simple moving average is GBX 197.45 and its 200 day simple moving average is GBX 219.58. The company has a market cap of £584.44 million, a price-to-earnings ratio of -1.24 and a beta of 1.02. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16.

Trustpilot Group declared that its Board of Directors has initiated a share buyback program on Tuesday, September 16th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board 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.