Carbonite, Inc. (NASDAQ:CARB) CAO Cassandra Hudson sold 5,252 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $24.06, for a total value of $126,363.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cassandra Hudson also recently made the following trade(s):

  • On Monday, February 5th, Cassandra Hudson sold 9,410 shares of Carbonite stock. The stock was sold at an average price of $23.85, for a total value of $224,428.50.

Shares of Carbonite, Inc. (NASDAQ CARB) opened at $22.75 on Wednesday. Carbonite, Inc. has a 1-year low of $18.10 and a 1-year high of $27.00. The stock has a market capitalization of $634.40, a P/E ratio of 94.58, a PEG ratio of 1.82 and a beta of 0.33. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.12.

Several large investors have recently modified their holdings of the company. Cadence Capital Management LLC boosted its holdings in shares of Carbonite by 28.8% during the fourth quarter. Cadence Capital Management LLC now owns 94,191 shares of the technology company’s stock worth $2,364,000 after acquiring an additional 21,082 shares during the period. Fortaleza Asset Management Inc. bought a new stake in shares of Carbonite during the fourth quarter worth approximately $167,000. Pembroke Management LTD boosted its holdings in shares of Carbonite by 0.4% during the fourth quarter. Pembroke Management LTD now owns 1,250,153 shares of the technology company’s stock worth $31,378,000 after acquiring an additional 4,400 shares during the period. Boston Advisors LLC bought a new stake in shares of Carbonite during the fourth quarter worth approximately $1,054,000. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of Carbonite by 100.4% during the fourth quarter. Rice Hall James & Associates LLC now owns 95,955 shares of the technology company’s stock worth $2,408,000 after acquiring an additional 48,072 shares during the period. Institutional investors own 93.89% of the company’s stock.

CARB has been the topic of a number of recent analyst reports. BidaskClub raised Carbonite from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. JMP Securities initiated coverage on Carbonite in a research report on Tuesday, October 17th. They set an “outperform” rating and a $30.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.71.

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About Carbonite

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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