Hancock Whitney Corp boosted its holdings in shares of Care.com Inc (NYSE:CRCM) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,385 shares of the information services provider’s stock after purchasing an additional 5,122 shares during the quarter. Hancock Whitney Corp’s holdings in Care.com were worth $1,549,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of CRCM. Northern Trust Corp lifted its holdings in shares of Care.com by 3.5% in the 1st quarter. Northern Trust Corp now owns 266,451 shares of the information services provider’s stock worth $5,266,000 after purchasing an additional 8,971 shares during the last quarter. Citigroup Inc. grew its stake in shares of Care.com by 70.5% in the 1st quarter. Citigroup Inc. now owns 16,513 shares of the information services provider’s stock valued at $326,000 after purchasing an additional 6,830 shares during the period. State of Tennessee Treasury Department bought a new stake in Care.com during the 1st quarter worth approximately $554,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Care.com in the 1st quarter valued at $748,000. Finally, Principal Financial Group Inc. increased its holdings in Care.com by 1,251.2% during the 1st quarter. Principal Financial Group Inc. now owns 227,758 shares of the information services provider’s stock worth $4,500,000 after purchasing an additional 210,902 shares in the last quarter. Institutional investors and hedge funds own 86.59% of the company’s stock.
Care.com stock opened at $14.50 on Friday. Care.com Inc has a 12 month low of $13.71 and a 12 month high of $25.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market cap of $465.39 million, a PE ratio of 40.28 and a beta of 1.30.
CRCM has been the subject of several analyst reports. ValuEngine cut Care.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 12th. Stifel Nicolaus reissued a “hold” rating and issued a $17.00 price objective on shares of Care.com in a research note on Thursday, May 9th. Roth Capital upped their price objective on shares of Care.com from $24.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 14th. BTIG Research downgraded shares of Care.com from a “buy” rating to a “neutral” rating and set a $17.83 target price for the company. in a research report on Monday, April 1st. Finally, Zacks Investment Research cut shares of Care.com from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.37.
In related news, CFO Michael Echenberg sold 7,621 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $14.37, for a total value of $109,513.77. Following the sale, the chief financial officer now owns 49,869 shares of the company’s stock, valued at approximately $716,617.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sheila Lirio Marcelo sold 6,888 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $16.43, for a total value of $113,169.84. Following the completion of the sale, the insider now directly owns 1,098,181 shares in the company, valued at approximately $18,043,113.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,509 shares of company stock worth $489,953. Company insiders own 28.10% of the company’s stock.
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Care.com, Inc operates an online marketplace for finding and managing family care in the United States and internationally. The company helps families to address their lifecycle of care needs, including child care, senior care, and special needs care, as well as other non-medical family care needs, such as pet care, tutoring, and housekeeping; and enables caregivers to find full-time and part-time employment opportunities.
Further Reading: Fundamental Analysis and Individual Investors
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