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.

Carbonite (NASDAQ:CARB) last announced its earnings results on Thursday, November 1st. The technology company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.07. The firm had revenue of $79.10 million for the quarter, compared to the consensus estimate of $80.15 million. Carbonite had a return on equity of 29.30% and a net margin of 1.85%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. Equities research analysts forecast that Carbonite Inc will post 1.13 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2018/12/06/anthony-folger-sells-1611-shares-of-carbonite-inc-carb-stock.html.

About Carbonite

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.

See Also: How to read a candlestick chart

Insider Buying and Selling by Quarter for Carbonite (NASDAQ:CARB)

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.