Wolverine Asset Management LLC Purchases 404,554 Shares of Sharecare, Inc. (NASDAQ:SHCR)

Wolverine Asset Management LLC grew its stake in Sharecare, Inc. (NASDAQ:SHCR) by 73.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 955,017 shares of the company’s stock after buying an additional 404,554 shares during the quarter. Wolverine Asset Management LLC owned 0.26% of Sharecare worth $1,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. DRW Securities LLC bought a new position in shares of Sharecare in the second quarter valued at $38,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Sharecare in the 2nd quarter valued at $42,000. XTX Topco Ltd bought a new position in Sharecare in the 2nd quarter valued at approximately $42,000. Panagora Asset Management Inc. bought a new position in Sharecare in the 2nd quarter valued at approximately $56,000. Finally, Point72 DIFC Ltd acquired a new stake in Sharecare in the second quarter valued at $60,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey T. Arnold sold 177,085 shares of Sharecare stock in a transaction on Friday, August 16th. The shares were sold at an average price of $1.38, for a total value of $244,377.30. Following the completion of the sale, the insider now owns 4,790,406 shares in the company, valued at $6,610,760.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 30.61% of the company’s stock.

Sharecare Price Performance

Shares of SHCR stock opened at $1.43 on Wednesday. The stock has a market capitalization of $531.79 million, a PE ratio of -3.67 and a beta of 0.51. The business’s 50 day simple moving average is $1.42 and its 200 day simple moving average is $1.23. Sharecare, Inc. has a one year low of $0.48 and a one year high of $1.44.

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.