Squarepoint Ops LLC Boosts Stock Holdings in Sharecare, Inc. (NASDAQ:SHCR)

Squarepoint Ops LLC boosted its position in Sharecare, Inc. (NASDAQ:SHCR - Free Report) by 7,841.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,511,468 shares of the company's stock after purchasing an additional 2,479,843 shares during the period. Squarepoint Ops LLC owned about 0.69% of Sharecare worth $3,390,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHCR. Vanguard Group Inc. increased its position in shares of Sharecare by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company's stock valued at $13,163,000 after purchasing an additional 189,029 shares during the last quarter. Private Management Group Inc. increased its holdings in Sharecare by 12.1% during the second quarter. Private Management Group Inc. now owns 10,408,903 shares of the company's stock worth $14,052,000 after buying an additional 1,124,331 shares during the last quarter. Renaissance Technologies LLC raised its position in Sharecare by 26.4% in the second quarter. Renaissance Technologies LLC now owns 831,600 shares of the company's stock worth $1,123,000 after acquiring an additional 173,800 shares during the period. Gabelli Funds LLC purchased a new position in Sharecare in the second quarter valued at about $892,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sharecare by 47.2% during 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 during the period. Hedge funds and other institutional investors own 35.08% of the company's stock.

Insider Transactions at Sharecare

In other news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $1.38, for a total transaction of $244,377.30. Following the completion of the sale, the insider now owns 4,790,406 shares in the company, valued at approximately $6,610,760.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 29.27% of the company's stock.

Sharecare Price Performance

Shares of NASDAQ SHCR remained flat at $1.42 during mid-day trading on Wednesday. The stock had a trading volume of 2,632,726 shares, compared to its average volume of 2,497,201. The business's 50-day simple moving average is $1.39 and its 200-day simple moving average is $1.10. The firm has a market capitalization of $514.62 million, a P/E ratio of -3.84 and a beta of 0.50. Sharecare, Inc. has a one year low of $0.48 and a one year high of $1.43.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on SHCR shares. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $1.43 price target (down previously from $2.00) on shares of Sharecare in a report on Friday, June 21st. Canaccord Genuity Group downgraded Sharecare from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 21st. Finally, Morgan Stanley upped their price objective on shares of Sharecare from $1.00 to $1.43 and gave the company an "equal weight" rating in a report on Monday, June 24th.

Sharecare 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.