Trustpilot Group (LON:TRST) Shares Down 12.7% Following Insider Selling

Trustpilot Group plc (LON:TRST) shares were down 12.7% during mid-day trading on Tuesday following insider selling activity. The company traded as low as GBX 205 and last traded at GBX 205.80. Approximately 11,003,530 shares traded hands during trading, a decline of 51% from the average daily volume of 22,288,791 shares. The stock had previously closed at GBX 235.80.

Specifically, insider Mohammed Anjarwala sold 21,593,420 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of GBX 214, for a total transaction of £46,209,918.80. Also, insider Peter Holten Mühlmann sold 53,000 shares of Trustpilot Group stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 217, for a total transaction of £115,010. In other news, insider Hanno Damm sold 200,000 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of GBX 210, for a total value of £420,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRST shares. Berenberg Bank boosted their price target on Trustpilot Group from GBX 300 to GBX 315 and gave the company a “buy” rating in a report on Wednesday, March 18th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 290 price objective on shares of Trustpilot Group in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Trustpilot Group from GBX 354 to GBX 375 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 316.

Trustpilot Group Price Performance

The company has a debt-to-equity ratio of -269.41, a current ratio of 0.57 and a quick ratio of 1.71. The firm has a 50-day moving average of GBX 175.51 and a 200-day moving average of GBX 186.31. The stock has a market cap of £770.82 million, a PE ratio of -1.66 and a beta of 0.73.

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.