Insider Selling: Carbon Black Inc (NASDAQ:CBLK) Director Sells $95,000.00 in Stock

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Carbon Black Inc (NASDAQ:CBLK) Director Ronald H. Nordin sold 5,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $19.00, for a total transaction of $95,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Carbon Black stock opened at $22.22 on Friday. The firm has a market capitalization of $1.66 billion, a PE ratio of -15.87 and a beta of 1.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.28 and a quick ratio of 1.28. The company’s fifty day moving average price is $18.62 and its two-hundred day moving average price is $15.86. Carbon Black Inc has a 52-week low of $11.80 and a 52-week high of $26.11.

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

CBLK has been the topic of several analyst reports. ValuEngine raised shares of Carbon Black from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. KeyCorp boosted their price target on shares of Carbon Black from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, August 7th. Finally, Cowen initiated coverage on shares of Carbon Black in a report on Thursday, May 23rd. They issued a “market perform” rating and a $18.00 price target on the stock. Three 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.54.

Several large investors have recently modified their holdings of the company. Pendal Group Ltd boosted its stake in shares of Carbon Black by 4,720.7% in the 2nd quarter. Pendal Group Ltd now owns 4,838,310 shares of the company’s stock valued at $71,358,000 after purchasing an additional 4,737,944 shares in the last quarter. Vanguard Group Inc. lifted its position in Carbon Black by 35.8% during the 2nd 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. lifted its position in Carbon Black by 85.8% during the 2nd 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 lifted its position in Carbon Black by 17.7% during the 2nd 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 lifted its position in Carbon Black by 96.1% during the 2nd 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.

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.

Read More: Equity Income

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

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