The EVP & Corporate Secretary of Bright Horizons (NYSE: BFAM) is Selling Shares

By Carrie Williams

Today, the EVP & Corporate Secretary of Bright Horizons (BFAMResearch Report), Stephen Dreier, sold shares of BFAM for $535K.

Following Stephen Dreier’s last BFAM Sell transaction on May 21, 2015, the stock climbed by 79.4%. In addition to Stephen Dreier, one other BFAM executive reported Sell trades in the last month.

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Based on Bright Horizons’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $502 million and quarterly net profit of $41.85 million. In comparison, last year the company earned revenue of $464 million and had a net profit of $37.1 million. BFAM’s market cap is $7.75B and the company has a P/E ratio of 48.85. Currently, Bright Horizons has an average volume of 210.8K.

One of the top 25 analysts, according to TipRanks.com, recently recommended Hold BFAM with a $130 price target. Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $137.67, reflecting a 2.6% upside.

The insider sentiment on Bright Horizons has been negative according to 73 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Bright Horizons Family Solutions, Inc. engages in the provision of child care and educational services. It operates through the following segments: Full Service Center-Based Child Care, Back-Up Care, and Educational Advisory Services.