Carbonite, Inc. (CARB) SVP Norman Guadagno Sells 1,912 Shares

Carbonite, Inc. (NASDAQ:CARB) SVP Norman Guadagno sold 1,912 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $25.80, for a total value of $49,329.60. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Carbonite, Inc. (NASDAQ CARB) opened at $26.00 on Thursday. The stock has a market capitalization of $718.24, a price-to-earnings ratio of -236.36, a P/E/G ratio of 2.06 and a beta of 0.37. Carbonite, Inc. has a 52-week low of $15.90 and a 52-week high of $27.00. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.12 and a quick ratio of 1.12.

Carbonite (NASDAQ:CARB) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $61.60 million during the quarter, compared to the consensus estimate of $61.49 million. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. Carbonite’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. analysts anticipate that Carbonite, Inc. will post 0.39 EPS for the current year.

A number of research analysts have recently commented on CARB shares. Oppenheimer reiterated a “buy” rating and set a $30.00 target price on shares of Carbonite in a research report on Thursday, September 21st. BidaskClub downgraded Carbonite from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, JMP Securities started coverage on Carbonite in a research report on Tuesday, October 17th. They set an “outperform” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.71.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Creek Advisors LLC lifted its position in Carbonite by 10.1% in the fourth quarter. Summit Creek Advisors LLC now owns 613,577 shares of the technology company’s stock worth $15,401,000 after buying an additional 56,285 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Carbonite by 71.2% in the third quarter. Public Employees Retirement System of Ohio now owns 256,869 shares of the technology company’s stock worth $5,651,000 after buying an additional 106,869 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Carbonite by 167.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock worth $162,000 after buying an additional 4,612 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Carbonite by 62.9% in the third quarter. Allianz Asset Management GmbH now owns 271,349 shares of the technology company’s stock worth $5,970,000 after buying an additional 104,761 shares during the last quarter. Finally, King Luther Capital Management Corp bought a new stake in Carbonite in the third quarter worth $418,000. Institutional investors own 94.21% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Carbonite, Inc. (CARB) SVP Norman Guadagno Sells 1,912 Shares” was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/3143779/carbonite-inc-carb-svp-norman-guadagno-sells-1912-shares.html.

About Carbonite

Carbonite, Inc provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.

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

Receive News & Ratings for Carbonite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbonite and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.