Carbonite, Inc. (CARB) Insider Cassandra Hudson Sells 9,410 Shares

Carbonite, Inc. (NASDAQ:CARB) insider Cassandra Hudson sold 9,410 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $23.85, for a total transaction of $224,428.50. The sale was disclosed in a document filed with the SEC, which is available at this link.

Cassandra Hudson also recently made the following trade(s):

  • On Friday, February 2nd, Cassandra Hudson sold 5,252 shares of Carbonite stock. The stock was sold at an average price of $24.06, for a total transaction of $126,363.12.

Shares of Carbonite, Inc. (NASDAQ:CARB) opened at $22.70 on Tuesday. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $659.56, a PE ratio of 98.33, a price-to-earnings-growth ratio of 1.89 and a beta of 0.33. Carbonite, Inc. has a 1 year low of $18.10 and a 1 year high of $27.00.

A number of brokerages recently issued reports on CARB. JMP Securities began coverage on shares of Carbonite in a research report on Tuesday, October 17th. They set an “outperform” rating and a $30.00 target price for the company. BidaskClub cut shares of Carbonite from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $27.71.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP boosted its stake in shares of Carbonite by 17.2% in the 2nd quarter. Quantbot Technologies LP now owns 5,449 shares of the technology company’s stock valued at $118,000 after purchasing an additional 800 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Carbonite by 19.5% in the 2nd quarter. Legal & General Group Plc now owns 6,035 shares of the technology company’s stock valued at $132,000 after purchasing an additional 985 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Carbonite by 167.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock valued at $162,000 after purchasing an additional 4,612 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of Carbonite in the 4th quarter valued at about $167,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Carbonite in the 2nd quarter valued at about $231,000. 93.89% of the stock is currently owned by institutional investors.

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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.

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

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