Whetstone Capital Advisors LLC lowered its stake in TrueCar, Inc. (NASDAQ:TRUE – Free Report) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,074,241 shares of the technology company’s stock after selling 301,899 shares during the quarter. TrueCar comprises about 2.2% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 14th biggest holding. Whetstone Capital Advisors LLC’s holdings in TrueCar were worth $6,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of TRUE. Gabelli Funds LLC acquired a new stake in shares of TrueCar during the fourth quarter worth about $908,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of TrueCar during the fourth quarter worth about $930,000. Strs Ohio acquired a new stake in shares of TrueCar during the first quarter worth about $38,000. Mariner LLC acquired a new stake in shares of TrueCar during the fourth quarter worth about $31,000. Finally, BNP Paribas Financial Markets lifted its position in shares of TrueCar by 89.5% during the third quarter. BNP Paribas Financial Markets now owns 15,827 shares of the technology company’s stock worth $29,000 after purchasing an additional 7,475 shares in the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.
TrueCar Stock Performance
Shares of TRUE opened at $2.54 on Monday. The stock has a market capitalization of $225.91 million, a PE ratio of -11.55 and a beta of 2.22. TrueCar, Inc. has a 1 year low of $1.05 and a 1 year high of $2.54. The company’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $2.44.
About TrueCar
TrueCar, Inc operates a digital automotive marketplace designed to streamline the vehicle buying and selling process in the United States. Through its online platform, TrueCar provides prospective car buyers with transparent pricing information, real‐time market data and guaranteed savings from a network of certified dealers. The company’s core offerings include pricing analytics, dealer inventory listings and a purchase–price guarantee that aims to reduce the negotiation burden typically associated with new and used vehicle transactions.
Founded in 2005 under the name Zag.com by entrepreneur Scott Painter, the company rebranded as TrueCar in 2010 and subsequently completed its initial public offering in 2014.
Read More
- Five stocks we like better than TrueCar
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding TRUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TrueCar, Inc. (NASDAQ:TRUE – Free Report).
Receive News & Ratings for TrueCar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar and related companies with MarketBeat.com's FREE daily email newsletter.
