Carbonite Inc (NASDAQ:CARB) insider Cassandra Hudson sold 599 shares of the stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $39.25, for a total value of $23,510.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Carbonite stock traded down $0.05 during mid-day trading on Thursday, reaching $40.50. 397,269 shares of the company were exchanged, compared to its average volume of 379,403. Carbonite Inc has a 12 month low of $18.55 and a 12 month high of $41.25. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market cap of $1.13 billion, a PE ratio of 80.65, a price-to-earnings-growth ratio of 0.96 and a beta of 0.24.

Carbonite (NASDAQ:CARB) last posted its quarterly earnings data on Monday, May 7th. The technology company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Carbonite had a return on equity of 35.49% and a net margin of 0.14%. The firm had revenue of $64.03 million for the quarter, compared to analyst estimates of $63.51 million. During the same quarter last year, the company earned $0.09 EPS. The company’s revenue was up 12.1% on a year-over-year basis. sell-side analysts expect that Carbonite Inc will post 1.03 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. BidaskClub raised Carbonite from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. ValuEngine raised Carbonite from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 1st. Zacks Investment Research cut Carbonite from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. B. Riley raised their price objective on Carbonite to $37.00 and gave the company a “buy” rating in a research report on Tuesday, May 8th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Carbonite in a research report on Tuesday, May 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Carbonite currently has a consensus rating of “Buy” and an average price target of $33.63.

Several hedge funds have recently modified their holdings of CARB. Wells Fargo & Company MN boosted its holdings in shares of Carbonite by 18.7% in the 4th quarter. Wells Fargo & Company MN now owns 37,935 shares of the technology company’s stock valued at $952,000 after purchasing an additional 5,968 shares in the last quarter. Suffolk Capital Management LLC acquired a new stake in shares of Carbonite in the 4th quarter valued at $892,000. Schroder Investment Management Group boosted its holdings in shares of Carbonite by 145.6% in the 4th quarter. Schroder Investment Management Group now owns 630,811 shares of the technology company’s stock valued at $15,833,000 after purchasing an additional 373,958 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Carbonite by 2.2% in the 4th quarter. BlackRock Inc. now owns 1,626,512 shares of the technology company’s stock valued at $40,826,000 after purchasing an additional 34,905 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of Carbonite by 76.4% in the 4th quarter. Brown Advisory Inc. now owns 27,539 shares of the technology company’s stock valued at $691,000 after purchasing an additional 11,925 shares in the last quarter. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

Carbonite Company Profile

Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe that offers annual and multi-year cloud backup plans for individuals or businesses; and Carbonite Endpoint Protection that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.

Insider Buying and Selling by Quarter for Carbonite (NASDAQ:CARB)

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