Shares of Trustpilot Group plc (LON:TRST – Get Free Report) were down 11.7% during mid-day trading on Monday . The company traded as low as GBX 207.60 ($2.81) and last traded at GBX 208.20 ($2.82). Approximately 5,012,195 shares traded hands during trading, an increase of 40% from the average daily volume of 3,586,376 shares. The stock had previously closed at GBX 235.79 ($3.19).
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 420 ($5.68) target price on shares of Trustpilot Group in a research note on Friday, May 23rd.
Check Out Our Latest Report on Trustpilot Group
Trustpilot Group Stock Down 10.7%
Insider Activity at Trustpilot Group
In related news, insider Peter Holten Mühlmann sold 1,881 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of GBX 209 ($2.83), for a total transaction of £3,931.29 ($5,321.18). Also, insider Adrian Blair acquired 40,751 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were bought at an average price of GBX 244 ($3.30) per share, with a total value of £99,432.44 ($134,586.41). 8.24% of the stock is currently owned by corporate insiders.
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.
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