Carbonite, Inc. (NASDAQ:CARB) CFO Anthony Folger sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $21.19, for a total value of $264,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Anthony Folger also recently made the following trade(s):
- On Wednesday, June 28th, Anthony Folger sold 6,540 shares of Carbonite stock. The shares were sold at an average price of $22.34, for a total value of $146,103.60.
- On Thursday, June 8th, Anthony Folger sold 23,355 shares of Carbonite stock. The shares were sold at an average price of $19.70, for a total value of $460,093.50.
- On Friday, May 26th, Anthony Folger sold 742 shares of Carbonite stock. The shares were sold at an average price of $19.25, for a total value of $14,283.50.
- On Friday, May 12th, Anthony Folger sold 6,876 shares of Carbonite stock. The shares were sold at an average price of $18.84, for a total value of $129,543.84.
Shares of Carbonite, Inc. (NASDAQ CARB) opened at 20.30 on Friday. The company has a 50 day moving average price of $22.39 and a 200 day moving average price of $20.54. Carbonite, Inc. has a 12-month low of $12.81 and a 12-month high of $24.60. The firm has a market cap of $564.32 million, a PE ratio of 966.67 and a beta of 0.13.
Carbonite (NASDAQ:CARB) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $59 million during the quarter, compared to the consensus estimate of $59.97 million. Carbonite had a return on equity of 36.43% and a net margin of 0.29%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. On average, analysts forecast that Carbonite, Inc. will post $0.76 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on CARB. Barclays PLC assumed coverage on Carbonite in a research report on Monday, June 26th. They issued an “equal weight” rating and a $26.00 target price on the stock. B. Riley reaffirmed a “buy” rating and issued a $26.00 price target on shares of Carbonite in a report on Wednesday, August 2nd. BidaskClub raised Carbonite from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, TheStreet raised Carbonite from a “d+” rating to a “c+” rating in a report on Friday, August 4th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $24.43.
Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in Carbonite by 5.5% in the first quarter. Legal & General Group Plc now owns 5,050 shares of the technology company’s stock worth $101,000 after buying an additional 265 shares during the last quarter. Quantbot Technologies LP increased its stake in Carbonite by 17.2% in the second quarter. Quantbot Technologies LP now owns 5,449 shares of the technology company’s stock worth $118,000 after buying an additional 800 shares during the last quarter. American International Group Inc. increased its stake in Carbonite by 7.1% in the first quarter. American International Group Inc. now owns 10,951 shares of the technology company’s stock worth $222,000 after buying an additional 728 shares during the last quarter. Stifel Financial Corp purchased a new stake in Carbonite during the first quarter worth approximately $251,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Carbonite during the second quarter worth approximately $251,000. Institutional investors and hedge funds own 94.24% of the company’s stock.
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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