Carbonite, Inc. (NASDAQ:CARB) General Counsel Danielle Sheer sold 4,807 shares of Carbonite stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $22.31, for a total transaction of $107,244.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Danielle Sheer also recently made the following trade(s):
- On Tuesday, September 12th, Danielle Sheer sold 520 shares of Carbonite stock. The shares were sold at an average price of $20.40, for a total transaction of $10,608.00.
- On Monday, August 28th, Danielle Sheer sold 298 shares of Carbonite stock. The stock was sold at an average price of $18.75, for a total transaction of $5,587.50.
Shares of Carbonite, Inc. (NASDAQ:CARB) traded down $0.05 during trading hours on Friday, reaching $22.30. The company’s stock had a trading volume of 264,491 shares, compared to its average volume of 303,271. The company has a current ratio of 1.12, a quick ratio of 1.21 and a debt-to-equity ratio of 3.12. Carbonite, Inc. has a fifty-two week low of $15.04 and a fifty-two week high of $27.00. The company has a market cap of $624.62, a PE ratio of 93.13, a PEG ratio of 2.30 and a beta of 0.33.
Carbonite (NASDAQ:CARB) last released its earnings results on Thursday, November 2nd. The technology company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. The company had revenue of $61.60 million for the quarter, compared to analysts’ expectations of $61.49 million. During the same period in the previous year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. equities research analysts forecast that Carbonite, Inc. will post 0.39 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in shares of Carbonite by 192.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,382,650 shares of the technology company’s stock valued at $30,143,000 after acquiring an additional 910,533 shares during the last quarter. Hood River Capital Management LLC lifted its position in Carbonite by 132.3% in the 2nd quarter. Hood River Capital Management LLC now owns 783,723 shares of the technology company’s stock worth $17,085,000 after buying an additional 446,308 shares during the last quarter. Vanguard Group Inc. lifted its position in Carbonite by 41.5% in the 1st quarter. Vanguard Group Inc. now owns 1,468,756 shares of the technology company’s stock worth $29,816,000 after buying an additional 430,556 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Carbonite by 54.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 807,557 shares of the technology company’s stock worth $16,393,000 after buying an additional 284,133 shares during the last quarter. Finally, Summit Creek Advisors LLC lifted its position in Carbonite by 187.3% in the 2nd quarter. Summit Creek Advisors LLC now owns 408,317 shares of the technology company’s stock worth $8,901,000 after buying an additional 266,198 shares during the last quarter. 96.85% of the stock is owned by institutional investors and hedge funds.
CARB has been the topic of a number of research reports. B. Riley reissued a “buy” rating and issued a $26.00 price objective on shares of Carbonite in a research report on Wednesday, August 2nd. Barclays PLC reiterated an “equal weight” rating and issued a $27.00 price objective (up from $26.00) on shares of Carbonite in a report on Friday, August 4th. TheStreet upgraded shares of Carbonite from a “d+” rating to a “c+” rating in a research note on Friday, August 4th. BidaskClub downgraded shares of Carbonite from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, Rosenblatt Securities started coverage on shares of Carbonite in a research report on Monday, September 18th. They set a “buy” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $27.71.
Carbonite, Inc provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.
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