Chatham Capital Group Inc. grew its stake in Care.com Inc (NYSE:CRCM) by 15.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 74,159 shares of the information services provider’s stock after buying an additional 9,759 shares during the quarter. Chatham Capital Group Inc.’s holdings in Care.com were worth $1,432,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new stake in shares of Care.com in the fourth quarter worth about $31,000. Strs Ohio lifted its position in shares of Care.com by 3.2% in the fourth quarter. Strs Ohio now owns 68,389 shares of the information services provider’s stock worth $1,320,000 after buying an additional 2,100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Care.com in the fourth quarter worth about $43,000. Smith Asset Management Group LP lifted its position in shares of Care.com by 3.5% in the third quarter. Smith Asset Management Group LP now owns 93,760 shares of the information services provider’s stock worth $2,073,000 after buying an additional 3,160 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Care.com by 1.0% in the third quarter. Eagle Asset Management Inc. now owns 322,536 shares of the information services provider’s stock worth $7,131,000 after buying an additional 3,261 shares during the last quarter. 78.75% of the stock is owned by institutional investors.
In related news, General Counsel Diane Musi sold 3,221 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $16.85, for a total transaction of $54,273.85. Following the completion of the transaction, the general counsel now owns 25,331 shares of the company’s stock, valued at approximately $426,827.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Krupinski sold 3,510 shares of the business’s stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $16.85, for a total value of $59,143.50. Following the transaction, the insider now directly owns 139,462 shares of the company’s stock, valued at approximately $2,349,934.70. The disclosure for this sale can be found here. Insiders have sold a total of 134,294 shares of company stock valued at $2,533,716 in the last three months. 30.90% of the stock is owned by insiders.
CRCM has been the subject of a number of analyst reports. Zacks Investment Research raised Care.com from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Monday, January 7th. BTIG Research initiated coverage on Care.com in a research report on Tuesday, November 13th. They issued a “buy” rating and a $23.00 price target for the company. Finally, ValuEngine raised Care.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 21st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $23.25.
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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