Carbonite, Inc. (CARB) CFO Anthony Folger Sells 7,992 Shares of Stock

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.

Carbonite (NASDAQ:CARB) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $61.49 million. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. research analysts forecast that Carbonite, Inc. will post 0.39 earnings per share for the current year.

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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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.

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