Carbonite Inc. (CARB) CFO Sells $29,712.63 in Stock
Carbonite Inc. (NASDAQ:CARB) CFO Anthony Folger sold 1,563 shares of the firm’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $19.01, for a total transaction of $29,712.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Anthony Folger also recently made the following trade(s):
- On Thursday, November 3rd, Anthony Folger sold 3,000 shares of Carbonite stock. The stock was sold at an average price of $15.85, for a total transaction of $47,550.00.
- On Monday, October 17th, Anthony Folger sold 8,170 shares of Carbonite stock. The stock was sold at an average price of $16.19, for a total transaction of $132,272.30.
Carbonite Inc. (NASDAQ:CARB) traded down 1.33% during mid-day trading on Wednesday, reaching $18.50. 401,420 shares of the company’s stock were exchanged. Carbonite Inc. has a 52-week low of $6.50 and a 52-week high of $19.62. The stock has a 50-day moving average price of $17.25 and a 200 day moving average price of $13.11. The company’s market cap is $504.27 million.
Carbonite (NASDAQ:CARB) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.07. The business earned $51.90 million during the quarter, compared to analyst estimates of $15.93 million. Carbonite had a negative net margin of 4.26% and a negative return on equity of 699.63%. The business’s revenue was up 50.0% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Equities analysts predict that Carbonite Inc. will post $0.57 earnings per share for the current fiscal year.
Several analysts recently commented on CARB shares. B. Riley restated a “buy” rating and set a $21.00 price target on shares of Carbonite in a report on Thursday, November 10th. Zacks Investment Research upgraded shares of Carbonite from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, October 11th. TheStreet upgraded shares of Carbonite from a “sell” rating to a “hold” rating in a report on Friday, November 4th. Finally, Oppenheimer Holdings Inc. upgraded shares of Carbonite from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Tuesday, October 11th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.50.
Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in Carbonite by 5,892.4% in the third quarter. Bank of Montreal Can now owns 831,085 shares of the company’s stock worth $12,765,000 after buying an additional 817,216 shares during the last quarter. Pembroke Management LTD purchased a new stake in Carbonite during the third quarter worth $9,543,000. G2 Investment Partners Management LLC raised its stake in Carbonite by 208.8% in the third quarter. G2 Investment Partners Management LLC now owns 782,946 shares of the company’s stock worth $12,026,000 after buying an additional 529,361 shares during the last quarter. Ardsley Advisory Partners purchased a new stake in Carbonite during the third quarter worth $6,328,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in Carbonite during the third quarter worth $4,316,000. 80.94% of the stock is owned by institutional investors and hedge funds.
Carbonite, Inc (Carbonite) is a provider of cloud and business continuity solutions. The Company’s solutions are designed to address the specific needs of small and medium sized businesses and individuals. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore.
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