Insider Selling: Corelogic Inc (CLGX) CEO Sells 10,000 Shares of Stock

Corelogic Inc (NYSE:CLGX) CEO Frank Martell sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $49.05, for a total transaction of $490,500.00. Following the completion of the transaction, the chief executive officer now owns 282,343 shares in the company, valued at approximately $13,848,924.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CLGX opened at $49.38 on Friday. The company has a market cap of $3.97 billion, a PE ratio of 25.22, a PEG ratio of 1.85 and a beta of 0.66. Corelogic Inc has a 52-week low of $42.00 and a 52-week high of $55.79. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.31 and a current ratio of 1.31.

Corelogic (NYSE:CLGX) last posted its quarterly earnings data on Wednesday, July 25th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. The company had revenue of $488.40 million for the quarter, compared to analyst estimates of $476.74 million. Corelogic had a net margin of 9.74% and a return on equity of 20.14%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. equities research analysts predict that Corelogic Inc will post 2.41 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of CLGX. Daiwa Securities Group Inc. raised its stake in shares of Corelogic by 1,800.0% during the first quarter. Daiwa Securities Group Inc. now owns 19,000 shares of the business services provider’s stock valued at $859,000 after purchasing an additional 18,000 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Corelogic by 33.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 51,100 shares of the business services provider’s stock worth $2,295,000 after buying an additional 12,800 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of Corelogic during the first quarter worth approximately $8,595,000. Summit Global Investments acquired a new stake in shares of Corelogic during the first quarter worth approximately $570,000. Finally, Swiss National Bank grew its position in shares of Corelogic by 0.7% during the first quarter. Swiss National Bank now owns 143,300 shares of the business services provider’s stock worth $6,481,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Several research analysts recently commented on CLGX shares. Piper Jaffray Companies cut their price target on shares of Corelogic from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Zacks Investment Research lowered shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. ValuEngine lowered shares of Corelogic from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Compass Point upgraded shares of Corelogic from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $46.00 in a research note on Friday, April 27th. Finally, Wolfe Research started coverage on shares of Corelogic in a research note on Tuesday, July 17th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Corelogic presently has a consensus rating of “Hold” and an average target price of $50.11.

Corelogic Company Profile

CoreLogic, Inc provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company's Property Intelligence segment owns or licenses loan information, property sales and characteristic information, property risk and replacement cost, natural hazard data, geospatial data, parcel maps, and mortgage-backed securities information.

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