Carbon Black (NASDAQ:CBLK) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Thursday, The Fly reports. They presently have a $15.00 price objective on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 8.87% from the company’s previous close.
Other research analysts also recently issued reports about the company. Raymond James upgraded Carbon Black from an “outperform” rating to a “strong-buy” rating and set a $14.77 price objective for the company in a report on Tuesday, January 29th. Morgan Stanley decreased their price objective on Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Finally, Zacks Investment Research upgraded Carbon Black from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $25.11.
Shares of Carbon Black stock opened at $16.46 on Thursday. Carbon Black has a 1 year low of $11.80 and a 1 year high of $35.00.
Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings results on Wednesday, February 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.04. The business had revenue of $56.90 million during the quarter, compared to the consensus estimate of $55.59 million. The business’s quarterly revenue was up 27.6% compared to the same quarter last year. As a group, research analysts anticipate that Carbon Black will post -1.48 EPS for the current fiscal year.
In related news, insider Michael Viscuso sold 50,000 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $13.92, for a total transaction of $696,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 150,000 shares of company stock valued at $2,140,500.
A number of hedge funds have recently bought and sold shares of CBLK. Strs Ohio grew its stake in Carbon Black by 58.3% in the fourth quarter. Strs Ohio now owns 3,800 shares of the company’s stock valued at $50,000 after purchasing an additional 1,400 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Carbon Black in the third quarter valued at approximately $105,000. NumerixS Investment Technologies Inc lifted its position in shares of Carbon Black by 1,050.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 9,200 shares of the company’s stock valued at $122,000 after buying an additional 8,400 shares during the last quarter. Citigroup Inc. lifted its position in shares of Carbon Black by 341.9% in the fourth quarter. Citigroup Inc. now owns 10,092 shares of the company’s stock valued at $135,000 after buying an additional 7,808 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in shares of Carbon Black in the fourth quarter valued at approximately $170,000. Hedge funds and other institutional investors own 52.07% of the company’s stock.
Carbon Black Company Profile
Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.
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