Trustpilot Group (LON:TRST) Insider Hanno Damm Sells 238,976 Shares

Key Points

• Hanno Damm, an insider at Trustpilot Group, sold 238,976 shares for a total of £530,526.72 on September 16th, indicating significant insider trading activity.
• Trustpilot's Board of Directors approved a stock buyback program on the same day, suggesting they believe the stock is undervalued.
• Equities analysts have a consensus rating of "Moderate Buy" for Trustpilot, with price targets ranging from GBX 200 to GBX 420.

Trustpilot Group plc (LON:TRST - Get Free Report) insider Hanno Damm sold 238,976 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of GBX 222, for a total value of £530,526.72.

Trustpilot Group Price Performance

Shares of TRST traded down GBX 7.41 during trading hours on Monday, reaching GBX 230. 1,896,679 shares of the company's stock traded hands, compared to its average volume of 3,129,249. Trustpilot Group plc has a 12 month low of GBX 178.40 and a 12 month high of GBX 361.50. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The stock has a market cap of £937.27 million, a PE ratio of 16,428.57 and a beta of 1.02. The firm's 50 day simple moving average is GBX 229.57 and its 200-day simple moving average is GBX 231.24.

Trustpilot Group announced that its Board of Directors has initiated a stock buyback program on Tuesday, September 16th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group reiterated a "buy" rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Berenberg Bank reiterated a "buy" rating and issued a GBX 420 price objective on shares of Trustpilot Group in a report on Tuesday, July 15th. Finally, Panmure Gordon started coverage on shares of Trustpilot Group in a research report on Monday, June 9th. They set a "sell" rating and a GBX 200 price target for the company. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 340.75.

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.