Carbonite, Inc. (NASDAQ:CARB) General Counsel Danielle Sheer sold 4,807 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $22.31, for a total value of $107,244.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Danielle Sheer also recently made the following trade(s):
- On Tuesday, September 12th, Danielle Sheer sold 520 shares of Carbonite stock. The stock was sold at an average price of $20.40, for a total value of $10,608.00.
- On Monday, August 28th, Danielle Sheer sold 298 shares of Carbonite stock. The stock was sold at an average price of $18.75, for a total value of $5,587.50.
Carbonite, Inc. (NASDAQ CARB) opened at $22.30 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.21 and a debt-to-equity ratio of 3.12. The firm has a market capitalization of $623.22, a P/E ratio of 92.92, a P/E/G ratio of 2.30 and a beta of 0.33. Carbonite, Inc. has a 12-month low of $15.04 and a 12-month high of $27.00.
Carbonite (NASDAQ:CARB) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $61.49 million. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. Carbonite’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. equities analysts predict that Carbonite, Inc. will post 0.39 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in Carbonite by 6.0% in the second quarter. Renaissance Technologies LLC now owns 2,317,700 shares of the technology company’s stock valued at $50,526,000 after purchasing an additional 131,300 shares during the period. Vanguard Group Inc. grew its holdings in Carbonite by 14.8% in the second quarter. Vanguard Group Inc. now owns 1,686,093 shares of the technology company’s stock valued at $36,757,000 after purchasing an additional 217,337 shares during the period. Russell Investments Group Ltd. grew its holdings in Carbonite by 192.9% in the second quarter. Russell Investments Group Ltd. now owns 1,382,650 shares of the technology company’s stock valued at $30,143,000 after purchasing an additional 910,533 shares during the period. Crosslink Capital Inc. grew its holdings in Carbonite by 7.2% in the second quarter. Crosslink Capital Inc. now owns 1,312,983 shares of the technology company’s stock valued at $28,623,000 after purchasing an additional 87,900 shares during the period. Finally, Pembroke Management LTD grew its holdings in Carbonite by 2.4% in the second quarter. Pembroke Management LTD now owns 1,269,500 shares of the technology company’s stock valued at $27,675,000 after purchasing an additional 30,000 shares during the period. Institutional investors own 96.85% of the company’s stock.
Several research analysts have recently issued reports on the company. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Carbonite in a research note on Monday, August 7th. Barclays PLC restated an “equal weight” rating and issued a $27.00 price objective (up from $26.00) on shares of Carbonite in a research note on Friday, August 4th. Rosenblatt Securities assumed coverage on Carbonite in a research note on Monday, September 18th. They issued a “buy” rating and a $28.00 price objective for the company. TheStreet upgraded Carbonite from a “d+” rating to a “c+” rating in a research note on Friday, August 4th. Finally, BidaskClub cut Carbonite from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Carbonite has a consensus rating of “Buy” and a consensus price target of $27.71.
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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