Shares of Carbon Black Inc (NASDAQ:CBLK) reached a new 52-week low on Thursday . The company traded as low as $14.54 and last traded at $14.99, with a volume of 61026 shares changing hands. The stock had previously closed at $15.43.

CBLK has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, November 15th. Morgan Stanley cut their target price on Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.83.

Carbon Black (NASDAQ:CBLK) last released its earnings results on Thursday, October 25th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.05. The company had revenue of $53.42 million for the quarter, compared to the consensus estimate of $52.65 million. As a group, sell-side analysts anticipate that Carbon Black Inc will post -1.48 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in Carbon Black in the third quarter valued at about $105,000. Alliancebernstein L.P. raised its stake in Carbon Black by 18.5% during the third quarter. Alliancebernstein L.P. now owns 32,600 shares of the company’s stock worth $690,000 after acquiring an additional 5,100 shares in the last quarter. Partner Investment Management L.P. acquired a new position in Carbon Black during the second quarter worth about $160,000. Peregrine Asset Advisers Inc. bought a new position in shares of Carbon Black in the second quarter worth about $202,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Carbon Black by 1.5% in the third quarter. Vanguard Group Inc. now owns 604,628 shares of the company’s stock worth $12,806,000 after acquiring an additional 8,879 shares during the last quarter. Institutional investors and hedge funds own 25.97% of the company’s stock.

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About Carbon Black (NASDAQ:CBLK)

Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.

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