Carbonite Inc (CARB) General Counsel Danielle Sheer Sells 7,474 Shares

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Carbonite Inc (NASDAQ:CARB) General Counsel Danielle Sheer sold 7,474 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The stock was sold at an average price of $35.59, for a total transaction of $265,999.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Danielle Sheer also recently made the following trade(s):

  • On Thursday, September 20th, Danielle Sheer sold 484 shares of Carbonite stock. The stock was sold at an average price of $39.00, for a total transaction of $18,876.00.
  • On Friday, September 7th, Danielle Sheer sold 14,480 shares of Carbonite stock. The stock was sold at an average price of $43.19, for a total transaction of $625,391.20.
  • On Thursday, August 30th, Danielle Sheer sold 458 shares of Carbonite stock. The stock was sold at an average price of $41.60, for a total transaction of $19,052.80.
  • On Friday, July 27th, Danielle Sheer sold 1,174 shares of Carbonite stock. The stock was sold at an average price of $36.20, for a total transaction of $42,498.80.

CARB stock opened at $35.03 on Friday. Carbonite Inc has a 12 month low of $20.50 and a 12 month high of $43.63. The company has a market cap of $1.21 billion, a P/E ratio of 70.06, a price-to-earnings-growth ratio of 0.85 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.85.

Carbonite (NASDAQ:CARB) last released its earnings results on Thursday, August 2nd. The technology company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. Carbonite had a net margin of 0.39% and a return on equity of 46.67%. The business had revenue of $77.70 million during the quarter, compared to analyst estimates of $78.89 million. During the same period in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts predict that Carbonite Inc will post 1.05 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in CARB. BlackRock Inc. lifted its stake in Carbonite by 0.9% during the first quarter. BlackRock Inc. now owns 1,640,916 shares of the technology company’s stock valued at $47,259,000 after purchasing an additional 14,404 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Carbonite by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,132,392 shares of the technology company’s stock valued at $32,613,000 after purchasing an additional 2,922 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Carbonite by 56.3% during the first quarter. BNP Paribas Arbitrage SA now owns 8,172 shares of the technology company’s stock valued at $235,000 after purchasing an additional 2,943 shares during the last quarter. Koch Industries Inc. acquired a new stake in Carbonite during the first quarter valued at approximately $201,000. Finally, UBS Group AG lifted its stake in Carbonite by 47.9% during the first quarter. UBS Group AG now owns 16,536 shares of the technology company’s stock valued at $476,000 after purchasing an additional 5,353 shares during the last quarter. 84.37% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Carbonite from a “hold” rating to a “buy” rating in a research note on Saturday, September 8th. Oppenheimer upped their price target on shares of Carbonite from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 5th. Stifel Nicolaus assumed coverage on shares of Carbonite in a research note on Monday, August 20th. They issued a “buy” rating and a $44.00 price target for the company. Barclays upped their price target on shares of Carbonite from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 24th. Finally, Zacks Investment Research lowered shares of Carbonite from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 25th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $39.33.

About Carbonite

Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe that offers annual and multi-year cloud backup plans for individuals or businesses; and Carbonite Endpoint Protection that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.

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

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