Michael Echenberg Sells 1,500 Shares of Care.com Inc (CRCM) Stock

Care.com Inc (NYSE:CRCM) CFO Michael Echenberg sold 1,500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $17.01, for a total value of $25,515.00. Following the sale, the chief financial officer now owns 15,883 shares in the company, valued at approximately $270,169.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Michael Echenberg also recently made the following trade(s):

  • On Wednesday, January 10th, Michael Echenberg sold 1,500 shares of Care.com stock. The shares were sold at an average price of $19.12, for a total value of $28,680.00.
  • On Tuesday, December 12th, Michael Echenberg sold 8,197 shares of Care.com stock. The shares were sold at an average price of $18.01, for a total value of $147,627.97.

Care.com Inc (CRCM) traded up $0.31 on Wednesday, hitting $17.26. The stock had a trading volume of 253,956 shares, compared to its average volume of 245,412. Care.com Inc has a fifty-two week low of $9.42 and a fifty-two week high of $20.88. The stock has a market cap of $519.24, a P/E ratio of 215.75, a P/E/G ratio of 2.50 and a beta of 1.01.

A number of research firms have recently commented on CRCM. Zacks Investment Research downgraded Care.com from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. TheStreet upgraded Care.com from a “c” rating to a “b-” rating in a report on Friday, November 17th. Roth Capital upgraded Care.com from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $18.00 in a report on Thursday, November 2nd. Finally, BidaskClub downgraded Care.com from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Care.com by 781.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,425 shares of the information services provider’s stock valued at $116,000 after acquiring an additional 5,696 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Care.com by 13.8% in the 2nd quarter. Wells Fargo & Company MN now owns 11,711 shares of the information services provider’s stock valued at $176,000 after purchasing an additional 1,420 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of 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 valued at $179,000 after purchasing an additional 3,805 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Care.com in the 2nd quarter valued at about $180,000. Finally, Boston Advisors LLC acquired a new stake in shares of Care.com in the 4th quarter valued at about $190,000. Institutional investors and hedge funds own 76.68% of the company’s stock.

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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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