Carbonite Inc (NASDAQ:CARB) CFO Anthony Folger sold 9,119 shares of the company’s stock in a transaction on Monday, March 19th. The shares were sold at an average price of $30.64, for a total transaction of $279,406.16. The transaction was disclosed in a filing with the SEC, which is available at this link.
Anthony Folger also recently made the following trade(s):
- On Tuesday, February 13th, Anthony Folger sold 12,750 shares of Carbonite stock. The shares were sold at an average price of $21.11, for a total transaction of $269,152.50.
- On Friday, February 2nd, Anthony Folger sold 2,458 shares of Carbonite stock. The shares were sold at an average price of $23.70, for a total transaction of $58,254.60.
Shares of Carbonite stock traded down $0.85 during midday trading on Thursday, reaching $28.60. 140,306 shares of the company’s stock traded hands, compared to its average volume of 379,754. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.92. Carbonite Inc has a 1-year low of $18.20 and a 1-year high of $33.55. The company has a market cap of $838.47, a price-to-earnings ratio of 77.37, a PEG ratio of 0.74 and a beta of 0.22.
Carbonite (NASDAQ:CARB) last issued its quarterly earnings data 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. Carbonite had a negative net margin of 1.67% and a positive return on equity of 38.08%. The business had revenue of $61.69 million during the quarter, compared to analyst estimates of $63.72 million. research analysts expect that Carbonite Inc will post 1 EPS for the current year.
CARB has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Carbonite from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. TheStreet lowered shares of Carbonite from a “c+” rating to a “d” rating in a report on Tuesday, February 13th. Lake Street Capital reiterated a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Carbonite in a report on Wednesday, February 14th. B. Riley upped their price target on shares of Carbonite from $30.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded shares of Carbonite from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Tuesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.29.
Hedge funds and other institutional investors have recently modified their holdings of the business. We Are One Seven LLC bought a new position in Carbonite in the 4th quarter worth $148,000. Fortaleza Asset Management Inc. bought a new position in Carbonite in the 4th quarter worth $167,000. Oppenheimer Asset Management Inc. increased its stake in shares of Carbonite by 167.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock worth $162,000 after acquiring an additional 4,612 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of Carbonite in the 4th quarter worth about $220,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Carbonite in the 4th quarter worth about $300,000. Institutional investors and hedge funds own 93.29% of the company’s stock.
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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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