Danielle Sheer Sells 4,807 Shares of Carbonite, Inc. (CARB) Stock

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.

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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.

About Carbonite

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.

Insider Buying and Selling by Quarter for Carbonite (NASDAQ:CARB)

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