Hanno Damm Purchases 50,000 Shares of Trustpilot Group (LON:TRST) Stock

Trustpilot Group plc (LON:TRST) insider Hanno Damm acquired 50,000 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were purchased at an average price of GBX 140 per share, for a total transaction of £70,000.

Hanno Damm also recently made the following trade(s):

• On Tuesday, September 16th, Hanno Damm sold 238,976 shares of Trustpilot Group stock. The stock was sold at an average price of GBX 222, for a total value of £530,526.72.

Trustpilot Group Price Performance

Shares of LON TRST opened at GBX 140.50 on Friday. 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 company has a market capitalization of £567.41 million, a price-to-earnings ratio of -1.19 and a beta of 1.02. Trustpilot Group plc has a twelve month low of GBX 125.40 and a twelve month high of GBX 361.50. The business has a 50 day simple moving average of GBX 198.91 and a 200-day simple moving average of GBX 220.47.

Trustpilot Group announced that its Board of Directors has authorized a share buyback program on Tuesday, September 16th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

TRST has been the subject of several research reports. UBS Group reaffirmed a “buy” rating and issued a GBX 400 price target on shares of Trustpilot Group in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Trustpilot Group from GBX 331 to GBX 343 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.