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.
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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