Anthony Folger Sells 741 Shares of Carbonite, Inc. (CARB) Stock
Carbonite, Inc. (NASDAQ:CARB) CFO Anthony Folger sold 741 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $23.55, for a total transaction of $17,450.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Anthony Folger also recently made the following trade(s):
- On Wednesday, November 8th, Anthony Folger sold 6,008 shares of Carbonite stock. The stock was sold at an average price of $22.31, for a total transaction of $134,038.48.
- On Tuesday, September 26th, Anthony Folger sold 7,500 shares of Carbonite stock. The stock was sold at an average price of $20.59, for a total transaction of $154,425.00.
Carbonite, Inc. (CARB) traded up $0.05 during mid-day trading on Thursday, hitting $24.05. 179,396 shares of the stock traded hands, compared to its average volume of 388,364. The firm has a market capitalization of $674.93, a price-to-earnings ratio of 103.75, a PEG ratio of 2.53 and a beta of 0.33. Carbonite, Inc. has a twelve month low of $15.04 and a twelve month high of $27.00. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.12.
Carbonite (NASDAQ:CARB) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $61.60 million for the quarter, compared to analyst estimates of $61.49 million. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. sell-side analysts expect that Carbonite, Inc. will post 0.39 EPS for the current year.
Several analysts have recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $26.00 price target on shares of Carbonite in a research report on Monday, August 7th. Barclays reiterated an “equal weight” rating and issued a $27.00 price target (up from $26.00) on shares of Carbonite in a research report on Friday, August 4th. JMP Securities assumed coverage on shares of Carbonite in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $30.00 price target on the stock. Oppenheimer reiterated a “buy” rating and issued a $30.00 price target on shares of Carbonite in a research report on Thursday, September 21st. Finally, TheStreet upgraded shares of Carbonite from a “d+” rating to a “c+” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $27.71.
Several hedge funds have recently added to or reduced their stakes in CARB. Legal & General Group Plc lifted its stake in shares of Carbonite by 5.5% during the first quarter. Legal & General Group Plc now owns 5,050 shares of the technology company’s stock valued at $101,000 after buying an additional 265 shares during the period. Quantbot Technologies LP lifted its stake in shares of Carbonite by 17.2% during the second quarter. Quantbot Technologies LP now owns 5,449 shares of the technology company’s stock valued at $118,000 after buying an additional 800 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Carbonite by 167.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock valued at $162,000 after buying an additional 4,612 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Carbonite during the second quarter valued at approximately $231,000. Finally, Voya Investment Management LLC purchased a new position in shares of Carbonite during the second quarter valued at approximately $236,000. Institutional investors and hedge funds own 94.39% of the company’s stock.
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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.
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