Anthony Folger Sells 741 Shares of Carbonite, Inc. (CARB) Stock
Carbonite, Inc. (NASDAQ:CARB) CFO Anthony Folger sold 741 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $18.75, for a total value of $13,893.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Anthony Folger also recently made the following trade(s):
- On Monday, August 7th, Anthony Folger sold 12,500 shares of Carbonite stock. The stock was sold at an average price of $21.19, for a total value of $264,875.00.
- On Wednesday, June 28th, Anthony Folger sold 6,540 shares of Carbonite stock. The stock was sold at an average price of $22.34, for a total value of $146,103.60.
- On Thursday, June 8th, Anthony Folger sold 23,355 shares of Carbonite stock. The stock was sold at an average price of $19.70, for a total value of $460,093.50.
Carbonite, Inc. (NASDAQ CARB) traded down 0.25% on Thursday, reaching $19.65. The company had a trading volume of 50,313 shares. The company’s 50-day moving average is $21.70 and its 200-day moving average is $20.66. Carbonite, Inc. has a 52-week low of $13.43 and a 52-week high of $24.60. The company has a market capitalization of $546.25 million, a PE ratio of 935.71 and a beta of 0.13.
Carbonite (NASDAQ:CARB) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $59 million during the quarter, compared to analysts’ expectations of $59.97 million. Carbonite had a return on equity of 36.43% and a net margin of 0.29%. Carbonite’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. Equities analysts anticipate that Carbonite, Inc. will post $0.76 EPS for the current fiscal year.
A number of brokerages have recently issued reports on CARB. BidaskClub lowered Carbonite from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. TheStreet upgraded Carbonite from a “d+” rating to a “c+” rating in a research report on Friday, August 4th. B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Carbonite in a research report on Monday, August 7th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $27.00 target price (up previously from $26.00) on shares of Carbonite in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.43.
Several hedge funds have recently modified their holdings of the company. TimesSquare Capital Management LLC acquired a new stake in shares of Carbonite during the first quarter valued at approximately $20,504,000. Russell Investments Group Ltd. boosted its stake in shares of Carbonite by 192.9% in the second quarter. Russell Investments Group Ltd. now owns 1,382,650 shares of the technology company’s stock valued at $30,143,000 after buying an additional 910,533 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Carbonite by 132.3% in the second quarter. Hood River Capital Management LLC now owns 783,723 shares of the technology company’s stock valued at $17,085,000 after buying an additional 446,308 shares during the period. Vanguard Group Inc. boosted its stake in shares of Carbonite by 41.5% in the first quarter. Vanguard Group Inc. now owns 1,468,756 shares of the technology company’s stock valued at $29,816,000 after buying an additional 430,556 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Carbonite by 54.3% in the first quarter. Dimensional Fund Advisors LP now owns 807,557 shares of the technology company’s stock valued at $16,393,000 after buying an additional 284,133 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.
Carbonite, Inc provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.
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