Carbonite Inc (NASDAQ:CARB) General Counsel Danielle Sheer sold 325 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The stock was sold at an average price of $39.25, for a total transaction of $12,756.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Danielle Sheer also recently made the following trade(s):

  • On Friday, April 27th, Danielle Sheer sold 1,167 shares of Carbonite stock. The stock was sold at an average price of $31.05, for a total transaction of $36,235.35.

Shares of NASDAQ CARB traded down $0.05 during trading hours on Thursday, hitting $40.50. 397,269 shares of the stock were exchanged, compared to its average volume of 379,403. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.02. 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 Inc has a 12 month low of $18.55 and a 12 month high of $41.25.

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 consensus estimate of $0.22 by $0.05. The firm had revenue of $64.03 million during the quarter, compared to analyst estimates of $63.51 million. Carbonite had a net margin of 0.14% and a return on equity of 35.49%. Carbonite’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. equities research analysts anticipate that Carbonite Inc will post 1.03 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank raised its stake in shares of Carbonite by 6.3% during the 1st quarter. Swiss National Bank now owns 38,700 shares of the technology company’s stock worth $1,115,000 after acquiring an additional 2,300 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Carbonite by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,132,392 shares of the technology company’s stock valued at $32,613,000 after purchasing an additional 2,922 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Carbonite by 56.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,172 shares of the technology company’s stock valued at $235,000 after purchasing an additional 2,943 shares in the last quarter. Alliancebernstein L.P. increased its stake in Carbonite by 24.7% during the 4th quarter. Alliancebernstein L.P. now owns 23,750 shares of the technology company’s stock valued at $596,000 after purchasing an additional 4,700 shares in the last quarter. Finally, UBS Group AG increased its stake in Carbonite by 47.9% during the 1st quarter. UBS Group AG now owns 16,536 shares of the technology company’s stock valued at $476,000 after purchasing an additional 5,353 shares in the last quarter. Hedge funds and other institutional investors own 96.23% of the company’s stock.

Several brokerages have recently weighed in on CARB. BidaskClub raised shares of Carbonite from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. ValuEngine raised shares of Carbonite from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 1st. Zacks Investment Research cut shares of Carbonite from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. B. Riley upped their price target on shares of Carbonite to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $30.00 price target on shares of Carbonite in a research report on Tuesday, May 8th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.63.

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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