Carbon Black Inc (NASDAQ:CBLK) insider Thomas Neergaard Hansen sold 5,563 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $21.00, for a total transaction of $116,823.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CBLK stock traded up $0.70 during trading on Tuesday, hitting $22.62. 1,138,128 shares of the company’s stock traded hands, compared to its average volume of 1,154,095. Carbon Black Inc has a 52 week low of $11.80 and a 52 week high of $26.11. 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 firm has a fifty day simple moving average of $18.24. The firm has a market capitalization of $1.61 billion, a PE ratio of -16.16 and a beta of 1.28.

Carbon Black (NASDAQ:CBLK) last released its quarterly earnings data 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 business had revenue of $60.86 million during the quarter, compared to analyst estimates of $59.50 million. During the same quarter last year, the business earned ($0.35) earnings per share. Carbon Black’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, analysts expect that Carbon Black Inc will post -0.86 earnings per share for the current year.

Several equities analysts have commented on the stock. KeyCorp increased their price objective on shares of Carbon Black from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Zacks Investment Research upgraded shares of Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, August 7th. Cowen assumed coverage on shares of Carbon Black in a research report on Thursday, May 23rd. They set a “market perform” rating and a $18.00 price objective for the company. Finally, ValuEngine upgraded shares of Carbon Black from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $18.54.

A number of hedge funds have recently added to or reduced their stakes in CBLK. Hershey Trust Co. lifted its holdings in shares of Carbon Black by 81.5% in the 1st quarter. Hershey Trust Co. now owns 39,689 shares of the company’s stock worth $554,000 after acquiring an additional 17,816 shares during the last quarter. US Bancorp DE bought a new stake in shares of Carbon Black in the 1st quarter worth about $305,000. Geode Capital Management LLC lifted its holdings in shares of Carbon Black by 78.0% in the 4th quarter. Geode Capital Management LLC now owns 248,041 shares of the company’s stock worth $3,328,000 after acquiring an additional 108,697 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Carbon Black in the 1st quarter worth about $13,984,000. Finally, Nicolet Bankshares Inc. bought a new stake in shares of Carbon Black in the 1st quarter worth about $162,000. Institutional investors and hedge funds 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.

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

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