Carbonite Inc (NASDAQ:CARB) CFO Anthony Folger sold 1,612 shares of the business’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $41.60, for a total value of $67,059.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Anthony Folger also recently made the following trade(s):
- On Friday, July 27th, Anthony Folger sold 2,898 shares of Carbonite stock. The stock was sold at an average price of $36.20, for a total value of $104,907.60.
Carbonite stock opened at $42.80 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.85. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 85.60 and a beta of 0.50. Carbonite Inc has a 12 month low of $19.00 and a 12 month high of $43.30.
Carbonite (NASDAQ:CARB) last posted its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. The firm had revenue of $77.70 million during the quarter, compared to analysts’ expectations of $78.89 million. Carbonite had a return on equity of 46.67% and a net margin of 0.39%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 EPS. analysts expect that Carbonite Inc will post 1.05 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Summit Trail Advisors LLC raised its holdings in Carbonite by 3,277.3% in the 1st quarter. Summit Trail Advisors LLC now owns 120,436 shares of the technology company’s stock valued at $120,000 after acquiring an additional 116,870 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Carbonite in the 1st quarter worth approximately $201,000. New England Private Wealth Advisors LLC acquired a new position in shares of Carbonite in the 1st quarter worth approximately $202,000. WINTON GROUP Ltd acquired a new position in shares of Carbonite in the 1st quarter worth approximately $213,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Carbonite in the 2nd quarter worth approximately $221,000. 85.06% of the stock is owned by hedge funds and other institutional investors.
CARB has been the subject of several research analyst reports. Zacks Investment Research cut Carbonite from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 25th. ValuEngine raised Carbonite from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 1st. Barclays boosted their price objective on Carbonite from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 12th. BidaskClub raised Carbonite from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 13th. Finally, MED upped their price target on Carbonite from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Carbonite has a consensus rating of “Buy” and an average price target of $38.20.
Carbonite Company Profile
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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