Carbonite Inc. (NASDAQ:CARB) traded up 2.7% during trading on Wednesday . The stock traded as high as $13.63 and last traded at $13.50, with a volume of 300,403 shares trading hands. The stock had previously closed at $13.15.

Several equities research analysts have commented on the stock. B. Riley reiterated a “buy” rating and issued a $17.00 price objective on shares of Carbonite in a research note on Wednesday, August 3rd. Zacks Investment Research lowered shares of Carbonite from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Carbonite in a research note on Tuesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Carbonite currently has a consensus rating of “Buy” and an average target price of $13.33.

The company’s market capitalization is $360.98 million. The stock has a 50 day moving average of $11.56 and a 200 day moving average of $9.18.

Carbonite (NASDAQ:CARB) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.16. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $44.19 million. Carbonite’s quarterly revenue was up 57.2% compared to the same quarter last year. Equities research analysts expect that Carbonite Inc. will post $0.50 earnings per share for the current year.

In related news, insider Cassandra Hudson sold 13,158 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $12.62, for a total transaction of $166,053.96. Following the sale, the insider now owns 42,378 shares of the company’s stock, valued at $534,810.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Anthony Folger sold 8,181 shares of the business’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $9.79, for a total transaction of $80,091.99. Following the sale, the chief financial officer now directly owns 305,259 shares in the company, valued at approximately $2,988,485.61. The disclosure for this sale can be found here.

Carbonite, Inc (Carbonite) is a provider of cloud and business continuity solutions. The Company’s solutions are designed to address the specific needs of small and medium sized businesses and individuals. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore.

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