IHT Wealth Management LLC Purchases New Position in Carbon Black Inc (NASDAQ:CBLK)

IHT Wealth Management LLC purchased a new stake in Carbon Black Inc (NASDAQ:CBLK) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,590 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently modified their holdings of the business. LPL Financial LLC increased its holdings in shares of Carbon Black by 2.7% during the second quarter. LPL Financial LLC now owns 27,200 shares of the company’s stock worth $455,000 after buying an additional 725 shares in the last quarter. Voya Investment Management LLC grew its position in Carbon Black by 3.9% during the 3rd quarter. Voya Investment Management LLC now owns 21,931 shares of the company’s stock worth $570,000 after acquiring an additional 820 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Carbon Black by 8.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,874 shares of the company’s stock worth $181,000 after acquiring an additional 850 shares during the last quarter. Strs Ohio increased its holdings in Carbon Black by 26.3% during the 2nd quarter. Strs Ohio now owns 4,800 shares of the company’s stock valued at $80,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Exane Asset Management acquired a new stake in Carbon Black during the 3rd quarter valued at $29,000. 73.85% of the stock is currently owned by hedge funds and other institutional investors.

CBLK opened at $26.00 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $1.91 billion, a P/E ratio of -18.57 and a beta of 0.96. The company’s 50 day simple moving average is $26.03 and its 200-day simple moving average is $21.98. Carbon Black Inc has a one year low of $11.80 and a one year high of $26.36.

Several brokerages have issued reports on CBLK. Cowen set a $26.00 price objective on Carbon Black and gave the company a “hold” rating in a research report on Friday, August 23rd. Robert W. Baird restated a “buy” rating on shares of Carbon Black in a report on Friday, August 23rd. William Blair lowered Carbon Black from an “outperform” rating to a “market perform” rating in a research note on Friday, August 23rd. Zacks Investment Research cut Carbon Black from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Raymond James downgraded shares of Carbon Black from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.30.

About Carbon Black

Carbon Black, Inc provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they cause a damaging incident or data breach. The company offers CB Predictive Security Cloud, a big data and analytics platform, which provides endpoint data collection, streaming analytics, collective intelligence, and open application program interfaces, as well as a set of security services.

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Institutional Ownership by Quarter for Carbon Black (NASDAQ:CBLK)

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