Insider Selling: Corelogic Inc (NYSE:CLGX) CEO Sells 7,500 Shares of Stock

Corelogic Inc (NYSE:CLGX) CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $46.04, for a total value of $345,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CLGX traded up $0.33 during midday trading on Thursday, reaching $46.80. The company had a trading volume of 264,300 shares, compared to its average volume of 524,087. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average of $46.97 and a two-hundred day moving average of $43.26. The company has a market cap of $3.76 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.85 and a beta of 0.76. Corelogic Inc has a 1 year low of $31.87 and a 1 year high of $49.49.

Corelogic (NYSE:CLGX) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $459.54 million during the quarter, compared to analysts’ expectations of $444.22 million. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, equities research analysts predict that Corelogic Inc will post 2.31 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLGX. BlackRock Inc. boosted its stake in shares of Corelogic by 1.8% in the first quarter. BlackRock Inc. now owns 7,337,485 shares of the business services provider’s stock worth $273,395,000 after acquiring an additional 129,178 shares during the period. NumerixS Investment Technologies Inc boosted its stake in shares of Corelogic by 68.8% in the first quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the business services provider’s stock worth $118,000 after acquiring an additional 1,304 shares during the period. Federated Investors Inc. PA boosted its stake in shares of Corelogic by 10.3% in the first quarter. Federated Investors Inc. PA now owns 249,168 shares of the business services provider’s stock worth $9,284,000 after acquiring an additional 23,353 shares during the period. FIL Ltd bought a new position in shares of Corelogic in the first quarter worth about $5,389,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Corelogic by 2.3% in the first quarter. Neuberger Berman Group LLC now owns 910,322 shares of the business services provider’s stock worth $33,914,000 after acquiring an additional 20,308 shares during the period. 93.12% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on CLGX shares. Zacks Investment Research upgraded Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Tuesday, July 30th. ValuEngine cut Corelogic from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Compass Point set a $44.00 price target on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Barclays started coverage on Corelogic in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $54.00 price target for the company. Finally, Robert W. Baird set a $45.00 price target on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.56.

Corelogic Company Profile

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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Insider Buying and Selling by Quarter for Corelogic (NYSE:CLGX)

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