Anthony Folger Sells 1,611 Shares of Carbonite Inc (CARB) Stock
Carbonite Inc (NASDAQ:CARB) CFO Anthony Folger sold 1,611 shares of Carbonite stock in a transaction on Friday, November 30th. The shares were sold at an average price of $27.95, for a total value of $45,027.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Anthony Folger also recently made the following trade(s):
- On Monday, October 29th, Anthony Folger sold 2,881 shares of Carbonite stock. The shares were sold at an average price of $33.26, for a total value of $95,822.06.
- On Friday, October 19th, Anthony Folger sold 10,000 shares of Carbonite stock. The shares were sold at an average price of $35.36, for a total value of $353,600.00.
- On Thursday, September 20th, Anthony Folger sold 1,703 shares of Carbonite stock. The shares were sold at an average price of $39.00, for a total value of $66,417.00.
CARB traded up $0.43 during midday trading on Thursday, hitting $28.04. 93,532 shares of the company were exchanged, compared to its average volume of 463,374. The company has a market capitalization of $954.15 million, a PE ratio of 56.08, a PEG ratio of 1.22 and a beta of 0.69. Carbonite Inc has a 1-year low of $20.50 and a 1-year high of $43.63.
Institutional investors and hedge funds have recently made changes to their positions in the business. NumerixS Investment Technologies Inc acquired a new position in Carbonite during the 2nd quarter worth about $221,000. Jane Street Group LLC lifted its stake in shares of Carbonite by 222.3% in the 3rd quarter. Jane Street Group LLC now owns 6,665 shares of the technology company’s stock valued at $238,000 after purchasing an additional 12,116 shares during the period. Xact Kapitalforvaltning AB bought a new stake in Carbonite in the 3rd quarter valued at about $267,000. Raymond James & Associates bought a new stake in Carbonite in the 2nd quarter valued at about $267,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in Carbonite in the 3rd quarter valued at about $285,000.
Several equities research analysts recently weighed in on CARB shares. Royal Bank of Canada started coverage on Carbonite in a report on Friday, October 5th. They set an “outperform” rating and a $42.00 price objective on the stock. CIBC reissued a “market perform” rating on shares of Carbonite in a report on Friday, November 2nd. BidaskClub raised Carbonite from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Oppenheimer reissued a “market perform” rating on shares of Carbonite in a report on Friday, November 2nd. Finally, Zacks Investment Research downgraded Carbonite from a “buy” rating to a “hold” rating in a report on Monday, November 12th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $38.58.
Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe that offers annual and multi-year cloud backup plans for individuals or businesses; and Carbonite Endpoint Protection that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.
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