Insider Selling: Care.com, Inc. (CRCM) Insider Sells 3,326 Shares of Stock

Care.com, Inc. (NYSE:CRCM) insider David Krupinski sold 3,326 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $14.56, for a total value of $48,426.56. Following the completion of the sale, the insider now owns 176,128 shares of the company’s stock, valued at $2,564,423.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

David Krupinski also recently made the following trade(s):

  • On Tuesday, August 1st, David Krupinski sold 3,825 shares of Care.com stock. The shares were sold at an average price of $14.66, for a total value of $56,074.50.
  • On Monday, July 3rd, David Krupinski sold 4,175 shares of Care.com stock. The shares were sold at an average price of $14.71, for a total value of $61,414.25.

Care.com, Inc. (NYSE CRCM) traded up 1.09% on Tuesday, reaching $14.78. The company had a trading volume of 175,229 shares. The stock has a 50 day moving average price of $14.87 and a 200 day moving average price of $13.77. Care.com, Inc. has a 52-week low of $7.51 and a 52-week high of $16.50. The stock has a market capitalization of $439.99 million, a PE ratio of 591.20 and a beta of 0.92.

Care.com (NYSE:CRCM) last issued its quarterly earnings data on Thursday, August 10th. The information services provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.15. Care.com had a net margin of 3.66% and a return on equity of 10.98%. The business had revenue of $42.00 million during the quarter, compared to analysts’ expectations of $41.34 million. During the same period last year, the company posted ($0.03) EPS. The company’s revenue was up 9.9% on a year-over-year basis. Analysts expect that Care.com, Inc. will post $0.41 EPS for the current year.

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A number of equities research analysts have recently issued reports on CRCM shares. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Wednesday, July 19th. BidaskClub lowered Care.com from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Roth Capital set a $14.00 price objective on Care.com and gave the company a “hold” rating in a report on Monday, June 12th. Finally, Stifel Nicolaus upped their price objective on Care.com from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new position in shares of Care.com during the 2nd quarter worth approximately $10,313,000. The Manufacturers Life Insurance Company grew its stake in Care.com by 47.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,801 shares of the information services provider’s stock worth $179,000 after acquiring an additional 3,805 shares during the period. State Street Corp grew its stake in Care.com by 5.5% in the 2nd quarter. State Street Corp now owns 298,023 shares of the information services provider’s stock worth $4,504,000 after acquiring an additional 15,490 shares during the period. Cornerstone Capital Management Holdings LLC. grew its stake in Care.com by 51.5% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 58,824 shares of the information services provider’s stock worth $887,000 after acquiring an additional 20,000 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Care.com in the 2nd quarter worth approximately $7,371,000. 74.55% of the stock is owned by institutional investors and hedge funds.

Care.com Company Profile

Care.com, Inc is an online marketplace for finding and managing family care. As of December 31, 2016, the Company had 22.8 million members, including 12.9 million families and 9.9 million caregivers, spanning 19 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers.

Insider Buying and Selling by Quarter for Care.com (NYSE:CRCM)

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