Jennison Associates LLC Has $23.63 Million Position in Carbon Black Inc (CBLK)

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Jennison Associates LLC increased its stake in Carbon Black Inc (NASDAQ:CBLK) by 3.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,761,056 shares of the company’s stock after purchasing an additional 58,147 shares during the quarter. Jennison Associates LLC owned approximately 2.59% of Carbon Black worth $23,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strs Ohio lifted its holdings in shares of Carbon Black by 58.3% during the fourth quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $50,000 after buying an additional 1,400 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Carbon Black during the third quarter valued at approximately $105,000. Quantum Capital Management bought a new stake in shares of Carbon Black during the third quarter valued at approximately $291,000. Hershey Trust Co. bought a new stake in shares of Carbon Black during the fourth quarter valued at approximately $294,000. Finally, SG Americas Securities LLC bought a new stake in shares of Carbon Black during the fourth quarter valued at approximately $360,000. Hedge funds and other institutional investors own 52.07% of the company’s stock.

Shares of NASDAQ:CBLK opened at $12.56 on Friday. Carbon Black Inc has a fifty-two week low of $11.80 and a fifty-two week high of $35.00. The firm has a market capitalization of $1.12 billion and a price-to-earnings ratio of -8.97.

Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings results on Wednesday, February 20th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.11. Carbon Black had a negative return on equity of 246.26% and a negative net margin of 39.13%. The firm had revenue of $56.90 million for the quarter, compared to analysts’ expectations of $55.59 million. Carbon Black’s revenue for the quarter was up 27.6% compared to the same quarter last year. On average, equities research analysts anticipate that Carbon Black Inc will post -0.93 EPS for the current fiscal year.

In other news, insider Michael Viscuso sold 50,000 shares of the stock in a transaction on Monday, December 17th. The stock was sold at an average price of $13.63, for a total transaction of $681,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 150,000 shares of company stock worth $2,140,500 in the last 90 days.

A number of analysts have recently issued reports on CBLK shares. Morgan Stanley lowered their price objective on Carbon Black from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research cut Carbon Black from a “buy” rating to a “sell” rating in a research report on Tuesday, November 20th. Raymond James upgraded Carbon Black from an “outperform” rating to a “strong-buy” rating and set a $14.77 price target on the stock in a research report on Tuesday, January 29th. KeyCorp lowered their price target on Carbon Black from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, JPMorgan Chase & Co. cut Carbon Black from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $30.00 to $15.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.54.

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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.

Further Reading: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for Carbon Black (NASDAQ:CBLK)

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