Carbonite, Inc. (NASDAQ:CARB) CFO Anthony Folger sold 7,992 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $23.45, for a total value of $187,412.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Anthony Folger also recently made the following trade(s):
- On Monday, November 27th, Anthony Folger sold 741 shares of Carbonite stock. The stock was sold at an average price of $23.55, for a total value of $17,450.55.
- On Wednesday, November 8th, Anthony Folger sold 6,008 shares of Carbonite stock. The stock was sold at an average price of $22.31, for a total value of $134,038.48.
- On Tuesday, September 26th, Anthony Folger sold 7,500 shares of Carbonite stock. The stock was sold at an average price of $20.59, for a total value of $154,425.00.
Carbonite, Inc. (CARB) traded down $0.05 on Wednesday, reaching $22.85. The company had a trading volume of 264,200 shares, compared to its average volume of 386,358. The firm has a market capitalization of $639.99, a PE ratio of 95.42, a price-to-earnings-growth ratio of 2.32 and a beta of 0.38. Carbonite, Inc. has a 52-week low of $15.04 and a 52-week high of $27.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.12.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. P.A.W. Capital Corp acquired a new stake in Carbonite during the third quarter valued at $2,860,000. Aperio Group LLC boosted its position in Carbonite by 29.5% during the second quarter. Aperio Group LLC now owns 19,423 shares of the technology company’s stock valued at $423,000 after purchasing an additional 4,421 shares during the last quarter. Redwood Investments LLC bought a new position in Carbonite during the second quarter valued at about $4,391,000. Swiss National Bank raised its holdings in Carbonite by 17.0% during the second quarter. Swiss National Bank now owns 36,400 shares of the technology company’s stock valued at $794,000 after buying an additional 5,300 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in Carbonite by 29.5% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 37,078 shares of the technology company’s stock valued at $808,000 after buying an additional 8,445 shares in the last quarter. 94.61% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. Rosenblatt Securities assumed coverage on Carbonite in a research report on Monday, September 18th. They issued a “buy” rating and a $28.00 target price for the company. BidaskClub cut Carbonite from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. JMP Securities assumed coverage on Carbonite in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $30.00 target price on shares of Carbonite in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Carbonite currently has a consensus rating of “Buy” and an average price target of $27.71.
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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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