Care.com Inc (NYSE:CRCM) CFO Michael Echenberg sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $18.80, for a total transaction of $28,200.00. Following the completion of the transaction, the chief financial officer now owns 26,972 shares of the company’s stock, valued at approximately $507,073.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Michael Echenberg also recently made the following trade(s):
- On Thursday, March 1st, Michael Echenberg sold 5,919 shares of Care.com stock. The stock was sold at an average price of $17.64, for a total transaction of $104,411.16.
- On Monday, February 12th, Michael Echenberg sold 1,500 shares of Care.com stock. The stock was sold at an average price of $17.01, for a total transaction of $25,515.00.
- On Wednesday, January 10th, Michael Echenberg sold 1,500 shares of Care.com stock. The stock was sold at an average price of $19.12, for a total transaction of $28,680.00.
Care.com Inc (CRCM) traded down $0.31 during mid-day trading on Tuesday, reaching $18.40. 154,582 shares of the company traded hands, compared to its average volume of 241,148. Care.com Inc has a 1 year low of $10.56 and a 1 year high of $20.88. The company has a market cap of $553.17, a PE ratio of 87.62, a PEG ratio of 3.56 and a beta of 0.98.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRCM. BlackRock Inc. grew its holdings in Care.com by 47.8% during the 4th quarter. BlackRock Inc. now owns 1,204,105 shares of the information services provider’s stock worth $21,721,000 after acquiring an additional 389,426 shares during the period. Eagle Asset Management Inc. acquired a new stake in Care.com during the 4th quarter worth $4,523,000. Teacher Retirement System of Texas acquired a new stake in Care.com during the 4th quarter worth $3,549,000. Acadian Asset Management LLC grew its holdings in Care.com by 36.6% during the 4th quarter. Acadian Asset Management LLC now owns 688,748 shares of the information services provider’s stock worth $12,426,000 after acquiring an additional 184,687 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Care.com by 18.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,082,700 shares of the information services provider’s stock worth $19,532,000 after acquiring an additional 170,000 shares during the period. 72.56% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on CRCM shares. TheStreet upgraded shares of Care.com from a “c” rating to a “b-” rating in a research report on Friday, November 17th. Stifel Nicolaus restated a “hold” rating and issued a $18.00 price objective (up previously from $16.00) on shares of Care.com in a research report on Wednesday, February 28th. Finally, Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.00.
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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.
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