Carbonite Inc. (CARB) CFO Anthony Folger Sells 8,170 Shares

Carbonite Inc. (NASDAQ:CARB) CFO Anthony Folger sold 8,170 shares of the stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $16.19, for a total transaction of $132,272.30. The sale was disclosed in a document filed with the SEC, which is available at this link.

Anthony Folger also recently made the following trade(s):

  • On Tuesday, August 30th, Anthony Folger sold 1,049 shares of Carbonite stock. The stock was sold at an average price of $14.09, for a total transaction of $14,780.41.
  • On Friday, August 26th, Anthony Folger sold 513 shares of Carbonite stock. The stock was sold at an average price of $13.79, for a total transaction of $7,074.27.
  • On Wednesday, August 3rd, Anthony Folger sold 6,000 shares of Carbonite stock. The stock was sold at an average price of $13.23, for a total transaction of $79,380.00.

Carbonite Inc. (NASDAQ:CARB) traded up 1.58% during midday trading on Tuesday, reaching $16.09. 248,562 shares of the company’s stock traded hands. The stock has a 50-day moving average of $14.71 and a 200 day moving average of $11.10. Carbonite Inc. has a 52-week low of $6.50 and a 52-week high of $16.27. The company’s market cap is $435.07 million.

Carbonite (NASDAQ:CARB) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.16. Carbonite had a negative net margin of 7.36% and a negative return on equity of 453.55%. The firm earned $53.40 million during the quarter, compared to analysts’ expectations of $44.19 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The company’s revenue for the quarter was up 57.2% compared to the same quarter last year. On average, analysts anticipate that Carbonite Inc. will post $0.50 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Carbonite (NASDAQ:CARB)

A number of equities research analysts recently issued reports on the stock. B. Riley reiterated a “buy” rating and set a $15.00 target price on shares of Carbonite in a research report on Friday, July 29th. Oppenheimer Holdings Inc. upgraded shares of Carbonite from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Tuesday, October 11th. Finally, Zacks Investment Research cut shares of Carbonite from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th.

A number of institutional investors have recently added to or reduced their stakes in the company. Lyon Street Capital LLC boosted its position in Carbonite by 6.9% in the second quarter. Lyon Street Capital LLC now owns 751,049 shares of the company’s stock worth $7,308,000 after buying an additional 48,469 shares during the period. Vanguard Group Inc. boosted its stake in shares of Carbonite by 2.0% in the second quarter. Vanguard Group Inc. now owns 733,791 shares of the company’s stock worth $7,140,000 after buying an additional 14,351 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Carbonite by 0.8% in the second quarter. BlackRock Fund Advisors now owns 472,900 shares of the company’s stock worth $4,601,000 after buying an additional 3,728 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Carbonite by 8.6% in the second quarter. Panagora Asset Management Inc. now owns 316,634 shares of the company’s stock worth $3,081,000 after buying an additional 25,167 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Carbonite by 23.2% in the second quarter. State Street Corp now owns 279,263 shares of the company’s stock worth $2,717,000 after buying an additional 52,603 shares during the last quarter. 64.51% of the stock is owned by hedge funds and other institutional investors.

About Carbonite

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.

5 Day Chart for NASDAQ:CARB

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