68,501 Shares in Sharecare, Inc. (NASDAQ:SHCR) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in Sharecare, Inc. (NASDAQ:SHCR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,501 shares of the company’s stock, valued at approximately $92,000.

Several other large investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its position in Sharecare by 47.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company’s stock valued at $488,000 after acquiring an additional 203,843 shares in the last quarter. StoneX Group Inc. bought a new stake in Sharecare during the first quarter valued at about $102,000. Private Management Group Inc. boosted its position in shares of Sharecare by 127.4% in the first quarter. Private Management Group Inc. now owns 9,284,572 shares of the company’s stock worth $7,126,000 after purchasing an additional 5,201,296 shares during the period. Vanguard Group Inc. lifted its position in shares of Sharecare by 1.1% in the first quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company’s stock valued at $13,163,000 after acquiring an additional 189,029 shares in the last quarter. Finally, Alpine Global Management LLC bought a new stake in Sharecare in the 1st quarter valued at $83,000. 35.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $1.38, for a total value of $244,377.30. Following the sale, the insider now directly owns 4,790,406 shares of the company’s stock, valued at $6,610,760.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 29.27% of the stock is owned by insiders.

Sharecare Price Performance

Shares of NASDAQ SHCR opened at $1.43 on Wednesday. The firm has a market cap of $518.25 million, a P/E ratio of -3.86 and a beta of 0.51. Sharecare, Inc. has a 52 week low of $0.48 and a 52 week high of $1.44. The business’s 50 day moving average price is $1.40 and its 200 day moving average price is $1.13.

Sharecare (NASDAQ:SHCR) last posted its earnings results on Friday, August 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). Sharecare had a negative net margin of 33.64% and a negative return on equity of 22.81%. The firm had revenue of $94.27 million for the quarter, compared to analysts’ expectations of $90.16 million. As a group, research analysts expect that Sharecare, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group restated a “hold” rating and issued a $1.43 target price (down from $2.00) on shares of Sharecare in a report on Friday, June 21st. Morgan Stanley upped their price target on shares of Sharecare from $1.00 to $1.43 and gave the stock an “equal weight” rating in a research report on Monday, June 24th. Finally, Canaccord Genuity Group lowered shares of Sharecare from a “strong-buy” rating to a “hold” rating in a report on Friday, June 21st.

Sharecare Company Profile

Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to improve their health and well-being.