Carbon Black (CBLK) Trading Up 4.2%

Carbon Black Inc (NASDAQ:CBLK) was up 4.2% during mid-day trading on Thursday . The company traded as high as $14.27 and last traded at $14.26. Approximately 1,374,086 shares were traded during trading, an increase of 8% from the average daily volume of 1,269,102 shares. The stock had previously closed at $13.68.

A number of equities research analysts have issued reports on CBLK shares. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, February 21st. JPMorgan Chase & Co. lowered shares of Carbon Black from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $30.00 to $15.00 in a report on Thursday, February 21st. KeyCorp cut their price objective on shares of Carbon Black from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, February 21st. Finally, Raymond James raised shares of Carbon Black from an “outperform” rating to a “strong-buy” rating and set a $14.77 target price for the company in a report on Tuesday, January 29th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $20.54.

Carbon Black (NASDAQ:CBLK) last posted its earnings results on Wednesday, February 20th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.11. Carbon Black had a negative net margin of 39.13% and a negative return on equity of 246.26%. The firm had revenue of $56.90 million during the quarter, compared to analyst estimates of $55.59 million. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. Equities research analysts anticipate that Carbon Black Inc will post -0.93 earnings per share for the current year.

In related news, insider Michael Viscuso sold 50,000 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $15.26, for a total value of $763,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 150,000 shares of company stock valued at $2,140,500.

Hedge funds have recently bought and sold shares of the stock. Strs Ohio grew its holdings in shares of Carbon Black by 58.3% in the fourth quarter. Strs Ohio now owns 3,800 shares of the company’s stock valued at $50,000 after purchasing an additional 1,400 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Carbon Black in the third quarter worth $105,000. NumerixS Investment Technologies Inc lifted its position in Carbon Black by 1,050.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 9,200 shares of the company’s stock worth $122,000 after buying an additional 8,400 shares during the last quarter. Citigroup Inc. lifted its position in Carbon Black by 341.9% in the fourth quarter. Citigroup Inc. now owns 10,092 shares of the company’s stock worth $135,000 after buying an additional 7,808 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in Carbon Black in the fourth quarter worth $170,000. 52.07% of the stock is owned by hedge funds and other institutional investors.

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Carbon Black Company Profile (NASDAQ:CBLK)

Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.

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