Carbon Black Inc (NASDAQ:CBLK) CEO Patrick Morley sold 39,690 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $19.00, for a total value of $754,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Patrick Morley also recently made the following trade(s):
- On Friday, July 26th, Patrick Morley sold 79,380 shares of Carbon Black stock. The stock was sold at an average price of $19.00, for a total value of $1,508,220.00.
Shares of NASDAQ CBLK opened at $22.22 on Friday. Carbon Black Inc has a fifty-two week low of $11.80 and a fifty-two week high of $26.11. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average of $18.62 and a 200-day moving average of $15.86.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Pendal Group Ltd grew its position in Carbon Black by 4,720.7% during the second quarter. Pendal Group Ltd now owns 4,838,310 shares of the company’s stock worth $71,358,000 after buying an additional 4,737,944 shares in the last quarter. Vanguard Group Inc. grew its position in Carbon Black by 35.8% during the second quarter. Vanguard Group Inc. now owns 3,917,825 shares of the company’s stock worth $65,506,000 after buying an additional 1,033,590 shares in the last quarter. BlackRock Inc. grew its position in Carbon Black by 85.8% during the second quarter. BlackRock Inc. now owns 3,708,216 shares of the company’s stock worth $62,001,000 after buying an additional 1,712,210 shares in the last quarter. Artemis Investment Management LLP grew its position in Carbon Black by 17.7% during the second quarter. Artemis Investment Management LLP now owns 2,273,665 shares of the company’s stock worth $37,550,000 after buying an additional 342,365 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Carbon Black by 96.1% during the second quarter. First Trust Advisors LP now owns 1,965,871 shares of the company’s stock worth $32,869,000 after buying an additional 963,442 shares in the last quarter. Institutional investors own 67.95% of the company’s stock.
A number of analysts have issued reports on CBLK shares. ValuEngine raised Carbon Black from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Cowen started coverage on Carbon Black in a research report on Thursday, May 23rd. They issued a “market perform” rating and a $18.00 target price for the company. KeyCorp raised their target price on Carbon Black from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Zacks Investment Research raised Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $18.54.
Carbon Black Company Profile
Carbon Black, Inc provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they cause a damaging incident or data breach. The company offers CB Predictive Security Cloud, a big data and analytics platform, which provides endpoint data collection, streaming analytics, collective intelligence, and open application program interfaces, as well as a set of security services.
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