Carbonite Inc. (NASDAQ:CARB) insider Cassandra Hudson sold 19,062 shares of the stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $15.02, for a total value of $286,311.24. Following the sale, the insider now owns 46,157 shares in the company, valued at $693,278.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Cassandra Hudson also recently made the following trade(s):
- On Tuesday, August 2nd, Cassandra Hudson sold 13,158 shares of Carbonite stock. The shares were sold at an average price of $12.62, for a total value of $166,053.96.
Carbonite Inc. (NASDAQ:CARB) opened at 15.40 on Wednesday. The stock has a 50 day moving average price of $13.88 and a 200-day moving average price of $10.36. The stock’s market capitalization is $416.42 million. Carbonite Inc. has a 1-year low of $6.50 and a 1-year high of $15.47.
Carbonite (NASDAQ:CARB) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.16. The firm had revenue of $53.40 million for the quarter, compared to analyst estimates of $44.19 million. Carbonite had a negative net margin of 7.36% and a negative return on equity of 453.55%. The business’s quarterly revenue was up 57.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. Equities research analysts expect that Carbonite Inc. will post $0.50 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in shares of Carbonite by 1.6% in the second quarter. Rhumbline Advisers now owns 17,926 shares of the company’s stock worth $174,000 after buying an additional 290 shares during the period. Blair William & Co. IL raised its stake in Carbonite by 5.0% in the second quarter. Blair William & Co. IL now owns 10,500 shares of the company’s stock valued at $102,000 after buying an additional 500 shares during the last quarter. American Century Companies Inc. raised its stake in Carbonite by 3.0% in the second quarter. American Century Companies Inc. now owns 28,925 shares of the company’s stock valued at $281,000 after buying an additional 852 shares during the last quarter. Teton Advisors Inc. raised its stake in Carbonite by 1.3% in the second quarter. Teton Advisors Inc. now owns 75,687 shares of the company’s stock valued at $736,000 after buying an additional 1,000 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in Carbonite by 4.8% in the second quarter. Teachers Advisors Inc. now owns 31,520 shares of the company’s stock valued at $307,000 after buying an additional 1,453 shares during the last quarter. 64.51% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on CARB. B. Riley restated a “buy” rating and issued a $17.00 price target on shares of Carbonite in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Carbonite from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, July 12th.
Carbonite Company Profile
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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