Carbonite Sees Unusually High Options Volume (CARB)
Carbonite, Inc. (NASDAQ:CARB) was the target of some unusual options trading on Tuesday. Traders bought 605 put options on the company. This is an increase of 925% compared to the average volume of 59 put options.
In other Carbonite news, Director Todd Krasnow sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $23.16, for a total transaction of $231,600.00. Following the sale, the director now directly owns 227,230 shares of the company’s stock, valued at $5,262,646.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul S. Mellinger sold 1,940 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $25.80, for a total value of $50,052.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,096 shares of company stock worth $1,517,037. Insiders own 12.20% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. grew its position in Carbonite by 24.4% in the third quarter. Brown Advisory Inc. now owns 15,614 shares of the technology company’s stock worth $344,000 after acquiring an additional 3,065 shares in the last quarter. Nationwide Fund Advisors grew its position in Carbonite by 29.8% in the second quarter. Nationwide Fund Advisors now owns 14,138 shares of the technology company’s stock worth $308,000 after acquiring an additional 3,250 shares in the last quarter. Cadence Capital Management LLC grew its position in Carbonite by 5.1% in the third quarter. Cadence Capital Management LLC now owns 73,109 shares of the technology company’s stock worth $1,608,000 after acquiring an additional 3,553 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in Carbonite by 14.2% in the third quarter. Virginia Retirement Systems ET AL now owns 33,800 shares of the technology company’s stock worth $744,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Pembroke Management LTD grew its position in Carbonite by 0.4% in 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 in the last quarter. Institutional investors own 92.40% of the company’s stock.
Shares of Carbonite (CARB) opened at $28.60 on Wednesday. Carbonite has a twelve month low of $18.20 and a twelve month high of $30.65. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $776.93, a PE ratio of -190.65, a PEG ratio of 0.70 and a beta of 0.33.
Carbonite (NASDAQ:CARB) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The company had revenue of $61.69 million during the quarter, compared to analyst estimates of $63.72 million. Carbonite had a positive return on equity of 42.21% and a negative net margin of 1.67%. research analysts anticipate that Carbonite will post 1 EPS for the current fiscal year.
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.
Receive News & Ratings for Carbonite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbonite and related companies with MarketBeat.com's FREE daily email newsletter.