Insider Selling: Carbon Black Inc (NASDAQ:CBLK) CEO Sells 39,690 Shares of Stock

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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.

Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.04. The company had revenue of $60.86 million during the quarter, compared to analysts’ expectations of $59.50 million. Carbon Black had a negative return on equity of 37.82% and a negative net margin of 30.69%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.35) earnings per share. As a group, sell-side analysts forecast that Carbon Black Inc will post -0.86 earnings per share for the current fiscal year.

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.

See Also: Dividend Aristocrat Index

Insider Buying and Selling by Quarter for Carbon Black (NASDAQ:CBLK)

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