Carbon Black (CBLK) Stock Price Up 7.4%

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Carbon Black Inc (NASDAQ:CBLK) shares rose 7.4% on Tuesday . The company traded as high as $15.57 and last traded at $15.36. Approximately 2,482,666 shares traded hands during mid-day trading, an increase of 241% from the average daily volume of 728,293 shares. The stock had previously closed at $14.30.

CBLK has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, November 15th. Raymond James raised shares of Carbon Black from an “outperform” rating to a “strong-buy” rating and set a $14.77 price objective for the company in a report on Tuesday. Finally, Morgan Stanley cut their price objective on shares of Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Carbon Black currently has an average rating of “Buy” and an average price target of $25.11.

In other news, insider Michael Viscuso sold 50,000 shares of Carbon Black stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $13.63, for a total value of $681,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its position in 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 acquiring an additional 1,400 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Carbon Black during the third quarter worth about $105,000. Quantum Capital Management acquired a new position in Carbon Black during the third quarter worth about $291,000. Hershey Trust Co. acquired a new position in Carbon Black during the fourth quarter worth about $294,000. Finally, Malaga Cove Capital LLC acquired a new position in Carbon Black during the third quarter worth about $310,000. Institutional investors and hedge funds own 26.13% of the company’s stock.

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Carbon Black Company Profile (NASDAQ:CBLK)

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.

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