Insider Selling: Carbon Black Inc (NASDAQ:CBLK) Insider Sells $213,800.00 in Stock

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Carbon Black Inc (NASDAQ:CBLK) insider Michael Viscuso sold 10,000 shares of Carbon Black stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $21.38, for a total value of $213,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Michael Viscuso also recently made the following trade(s):

  • On Monday, July 8th, Michael Viscuso sold 10,000 shares of Carbon Black stock. The shares were sold at an average price of $17.25, for a total value of $172,500.00.
  • On Monday, June 10th, Michael Viscuso sold 25,000 shares of Carbon Black stock. The shares were sold at an average price of $15.65, for a total value of $391,250.00.

NASDAQ:CBLK opened at $22.22 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s 50-day simple moving average is $18.62 and its 200 day simple moving average is $15.86. The company has a market cap of $1.66 billion, a P/E ratio of -15.87 and a beta of 1.28. Carbon Black Inc has a 52-week low of $11.80 and a 52-week high of $26.11.

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

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in Carbon Black by 240.9% during the first quarter. Victory Capital Management Inc. now owns 3,941 shares of the company’s stock worth $55,000 after purchasing an additional 2,785 shares during the period. Strs Ohio grew its holdings in Carbon Black by 26.3% during the second quarter. Strs Ohio now owns 4,800 shares of the company’s stock worth $80,000 after purchasing an additional 1,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Carbon Black during the second quarter worth about $84,000. Quantamental Technologies LLC bought a new position in Carbon Black during the second quarter worth about $111,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Carbon Black by 1,748.7% during the first quarter. BNP Paribas Arbitrage SA now owns 8,541 shares of the company’s stock worth $119,000 after purchasing an additional 8,079 shares during the period. 67.95% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Cowen assumed coverage on Carbon Black in a research report on Thursday, May 23rd. They issued a “market perform” rating and a $18.00 target price on the stock. Zacks Investment Research raised Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, August 7th. KeyCorp lifted their target price on Carbon Black from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, ValuEngine raised Carbon Black from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.54.

About Carbon Black

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

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