Today, the Managing Director of Corelogic (NYSE: CLGX), Barry Sando, bought shares of CLGX for $150K.
This is Sando’s first Buy trade following 9 Sell transactions. This recent transaction increases Barry Sando’s holding in the company by 5.55% to a total of $7.48 million.
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Based on Corelogic’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $488 million and quarterly net profit of $58.52 million. In comparison, last year the company earned revenue of $474 million and had a net profit of $41.26 million. CLGX’s market cap is $4.07B and the company has a P/E ratio of 23.03. Currently, Corelogic has an average volume of 199K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $55.75, reflecting a 10.7% upside.
In the last 30 days, insiders have sold $1.07M worth of CLGX shares and purchased $150K worth of CLGX shares. The insider sentiment on Corelogic has been negative according to 47 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Barry Sando’s trades have generated a -8.1% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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CoreLogic, Inc. is a property information, analytics and data-enabled services provider operating in North America, Western Europe and Asia Pacific. The company offers its clients a comprehensive national database covering real property and mortgage information, judgments and liens, building and replacement costs, parcel and geospatial data, criminal background records, eviction information, non-prime lending records, credit information, and tax information, among other data types. It operates through the following business segments: Property Intelligence & Risk Management Solutions, and Underwriting & Workflow Solutions. The Property Intelligence & Risk Management Solutions segment combines property information, mortgage information and consumer information to deliver unique housing market and property-level insights, predictive analytics and risk management capabilities. The Underwriting & Workflow Solutions segment combines property information, mortgage information and consumer information to provide comprehensive mortgage origination and monitoring solutions, including underwriting-related solutions and data-enabled valuations and appraisals. The company was founded on June 1, 2010 and is headquartered in Irvine, CA.
