JPMorgan Chase & Co. cut its stake in shares of Care.com, Inc. (NYSE:CRCM) by 35.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,092 shares of the information services provider’s stock after selling 8,875 shares during the period. JPMorgan Chase & Co.’s holdings in Care.com were worth $201,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in CRCM. Acrospire Investment Management LLC raised its position in shares of Care.com by 250.9% in the first quarter. Acrospire Investment Management LLC now owns 12,184 shares of the information services provider’s stock valued at $152,000 after buying an additional 8,712 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Care.com during the first quarter valued at $271,000. Parametric Portfolio Associates LLC raised its position in shares of Care.com by 23.6% in the first quarter. Parametric Portfolio Associates LLC now owns 23,270 shares of the information services provider’s stock valued at $291,000 after buying an additional 4,442 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Care.com by 143.1% in the first quarter. Russell Investments Group Ltd. now owns 26,500 shares of the information services provider’s stock valued at $331,000 after buying an additional 15,600 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Care.com by 69.2% in the fourth quarter. Teachers Advisors LLC now owns 49,715 shares of the information services provider’s stock valued at $426,000 after buying an additional 20,339 shares in the last quarter. Hedge funds and other institutional investors own 72.47% of the company’s stock.
Shares of Care.com, Inc. (CRCM) opened at 14.22 on Monday. Care.com, Inc. has a 1-year low of $7.51 and a 1-year high of $16.07. The firm’s 50-day moving average price is $14.93 and its 200 day moving average price is $12.64. The stock’s market capitalization is $418.12 million.
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Several brokerages recently weighed in on CRCM. Zacks Investment Research lowered Care.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Roth Capital set a $14.00 price target on Care.com and gave the company a “hold” rating in a research note on Monday, June 12th. Finally, BidaskClub lowered Care.com from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th.
In other Care.com news, insider David Krupinski sold 3,825 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $14.66, for a total value of $56,074.50. Following the completion of the transaction, the insider now directly owns 175,934 shares of the company’s stock, valued at $2,579,192.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Diane Musi sold 3,119 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $14.38, for a total transaction of $44,851.22. Following the completion of the transaction, the general counsel now directly owns 33,872 shares of the company’s stock, valued at $487,079.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,095 shares of company stock valued at $651,424. 24.70% of the stock is currently owned by corporate insiders.
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.
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