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Trustpilot CFO Acquires Shares, Signaling Confidence

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Trustpilot CFO Acquires Shares, Signaling Confidence

TipRanks Cyber Monday Sale

Trustpilot Group Plc ( (GB:TRST) ) has shared an announcement.

Trustpilot Group Plc announced a transaction involving its Chief Financial Officer, Hanno Damm, who purchased 50,000 ordinary shares at GBP 1.3975 each, totaling GBP 69,875. This transaction, conducted on the London Stock Exchange, reflects insider confidence in the company’s prospects and may positively influence stakeholder perception regarding Trustpilot’s market position and future performance.

The most recent analyst rating on (GB:TRST) stock is a Hold with a £186.00 price target. To see the full list of analyst forecasts on Trustpilot Group Plc stock, see the GB:TRST Stock Forecast page.

Spark’s Take on GB:TRST Stock

According to Spark, TipRanks’ AI Analyst, GB:TRST is a Neutral.

Trustpilot Group Plc’s financial performance is a strong point, with significant revenue growth and improving profitability metrics. However, the technical analysis indicates bearish momentum, and the valuation suggests the stock is overvalued with a very high P/E ratio. These factors contribute to a moderate overall stock score.

To see Spark’s full report on GB:TRST stock, click here.

More about Trustpilot Group Plc

Trustpilot Group Plc operates in the online review industry, providing a platform for consumers to share feedback on businesses and services. The company focuses on enhancing trust and transparency between consumers and companies across various markets.

Average Trading Volume: 3,099,160

Technical Sentiment Signal: Sell

Current Market Cap: £517.1M

For an in-depth examination of TRST stock, go to TipRanks’ Overview page.

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