Insider Selling: Carbonite, Inc. (CARB) CFO Sells 12,500 Shares of Stock

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.

TRADEMARK VIOLATION WARNING: “Insider Selling: Carbonite, Inc. (CARB) CFO Sells 12,500 Shares of Stock” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/08/12/insider-selling-carbonite-inc-carb-cfo-sells-12500-shares-of-stock.html.

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.

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)

What are top analysts saying about Carbonite Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Carbonite Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit