Dupont Capital Management Corp lessened its position in shares of Care.com Inc (NYSE:CRCM) by 57.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,034 shares of the information services provider’s stock after selling 51,650 shares during the period. Dupont Capital Management Corp’s holdings in Care.com were worth $734,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in Care.com during the fourth quarter valued at $31,000. Strs Ohio grew its position in Care.com by 3.2% during the fourth quarter. Strs Ohio now owns 68,389 shares of the information services provider’s stock valued at $1,320,000 after buying an additional 2,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Care.com during the fourth quarter valued at $43,000. Smith Asset Management Group LP grew its position in Care.com by 3.5% during the third quarter. Smith Asset Management Group LP now owns 93,760 shares of the information services provider’s stock valued at $2,073,000 after buying an additional 3,160 shares during the period. Finally, Eagle Asset Management Inc. grew its position in Care.com by 1.0% during the third quarter. Eagle Asset Management Inc. now owns 322,536 shares of the information services provider’s stock valued at $7,131,000 after buying an additional 3,261 shares during the period. Institutional investors own 78.75% of the company’s stock.
In other news, insider David Krupinski sold 3,510 shares of Care.com stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $16.85, for a total value of $59,143.50. Following the sale, the insider now owns 139,462 shares in the company, valued at $2,349,934.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Diane Musi sold 3,221 shares of Care.com stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $16.85, for a total transaction of $54,273.85. Following the completion of the sale, the general counsel now owns 25,331 shares in the company, valued at approximately $426,827.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,294 shares of company stock worth $3,245,016. Company insiders own 30.90% of the company’s stock.
Several research firms recently commented on CRCM. Zacks Investment Research upgraded shares of Care.com from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, January 7th. BTIG Research began coverage on shares of Care.com in a research report on Tuesday, November 13th. They set a “buy” rating and a $23.00 price target on the stock. Finally, ValuEngine upgraded shares of Care.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 21st. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $23.25.
Shares of NYSE CRCM opened at $24.57 on Thursday. Care.com Inc has a 52-week low of $15.14 and a 52-week high of $24.75. The stock has a market capitalization of $778.39 million, a PE ratio of 91.00, a P/E/G ratio of 5.44 and a beta of 1.09.
Care.com Company Profile
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.
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