Carbonite, Inc. (NASDAQ:CARB) General Counsel Danielle Sheer sold 4,807 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $22.31, for a total transaction of $107,244.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Danielle Sheer also recently made the following trade(s):

  • On Tuesday, September 12th, Danielle Sheer sold 520 shares of Carbonite stock. The stock was sold at an average price of $20.40, for a total transaction of $10,608.00.
  • On Monday, August 28th, Danielle Sheer sold 298 shares of Carbonite stock. The shares were sold at an average price of $18.75, for a total transaction of $5,587.50.

Carbonite, Inc. (NASDAQ CARB) traded down $0.05 during midday trading on Friday, hitting $22.30. 264,491 shares of the stock were exchanged, compared to its average volume of 393,016. The company has a quick ratio of 1.21, a current ratio of 1.12 and a debt-to-equity ratio of 3.12. Carbonite, Inc. has a 12 month low of $15.04 and a 12 month high of $27.00. The firm has a market capitalization of $634.40, a P/E ratio of 93.75, a PEG ratio of 2.32 and a beta of 0.33.

Carbonite (NASDAQ:CARB) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The business had revenue of $61.60 million for the quarter, compared to the consensus estimate of $61.49 million. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. sell-side analysts predict that Carbonite, Inc. will post 0.39 earnings per share for the current fiscal year.

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Several research firms have weighed in on CARB. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Carbonite in a research report on Monday, August 7th. Barclays PLC restated an “equal weight” rating and issued a $27.00 price objective (up previously from $26.00) on shares of Carbonite in a research report on Friday, August 4th. Rosenblatt Securities started coverage on shares of Carbonite in a research report on Monday, September 18th. They issued a “buy” rating and a $28.00 price objective for the company. TheStreet raised shares of Carbonite from a “d+” rating to a “c+” rating in a research note on Friday, August 4th. Finally, BidaskClub lowered shares of Carbonite from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.71.

Institutional investors have recently made changes to their positions in the company. P.A.W. Capital Corp bought a new stake in shares of Carbonite in the third quarter valued at about $2,860,000. Aperio Group LLC lifted 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 worth $423,000 after purchasing an additional 4,421 shares during the period. Redwood Investments LLC acquired a new position in Carbonite during the second quarter worth about $4,391,000. Swiss National Bank raised its stake in Carbonite by 17.0% during the second quarter. Swiss National Bank now owns 36,400 shares of the technology company’s stock worth $794,000 after acquiring an additional 5,300 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. raised its stake 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 worth $808,000 after acquiring an additional 8,445 shares in the last quarter. 96.85% of the stock is owned by institutional investors.

Carbonite Company Profile

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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