Algert Global LLC reduced its position in shares of Care.com, Inc. (NYSE:CRCM) by 8.9% during the second quarter, Holdings Channel reports. The firm owned 205,665 shares of the information services provider’s stock after selling 20,190 shares during the period. Care.com accounts for about 0.9% of Algert Global LLC’s portfolio, making the stock its 4th largest position. Algert Global LLC’s holdings in Care.com were worth $3,106,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. American International Group Inc. increased its stake in shares of Care.com by 6.3% in the first quarter. American International Group Inc. now owns 9,782 shares of the information services provider’s stock worth $122,000 after buying an additional 583 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Care.com during the first quarter worth $137,000. HighTower Advisors LLC purchased a new stake in shares of Care.com during the first quarter worth $137,000. Acrospire Investment Management LLC increased its stake 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 worth $152,000 after buying an additional 8,712 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Care.com during the second quarter worth $154,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Care.com, Inc. (NYSE:CRCM) opened at 14.22 on Monday. Care.com, Inc. has a 52 week low of $7.51 and a 52 week high of $16.07. The company’s market capitalization is $418.12 million. The company’s 50-day moving average price is $14.93 and its 200-day moving average price is $12.64.

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A number of equities research analysts have recently weighed in on CRCM shares. Zacks Investment Research upgraded Care.com from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, July 12th. Roth Capital set a $14.00 price objective on Care.com and gave the stock a “hold” rating in a research note on Thursday. Finally, BidaskClub downgraded Care.com from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th.

In other news, CFO Michael Echenberg sold 6,547 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $14.38, for a total value of $94,145.86. Following the completion of the transaction, the chief financial officer now directly owns 22,438 shares of the company’s stock, valued at approximately $322,658.44. The sale was disclosed in a legal 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 that occurred on Monday, June 12th. The stock was sold at an average price of $14.38, for a total value 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 three months, insiders sold 44,095 shares of company stock valued at $651,424. 24.70% of the stock is currently owned by 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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Institutional Ownership by Quarter for Care.com (NYSE:CRCM)

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