Carbonite Inc (NASDAQ:CARB) SVP Norman Guadagno sold 13,834 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $30.86, for a total transaction of $426,917.24. The transaction was disclosed in a filing with the SEC, which is available at this link.

Norman Guadagno also recently made the following trade(s):

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  • On Friday, February 2nd, Norman Guadagno sold 1,134 shares of Carbonite stock. The shares were sold at an average price of $23.70, for a total transaction of $26,875.80.
  • On Friday, January 12th, Norman Guadagno sold 1,912 shares of Carbonite stock. The shares were sold at an average price of $25.80, for a total transaction of $49,329.60.

Shares of Carbonite stock opened at $29.45 on Thursday. The stock has a market cap of $838.47, a PE ratio of 77.37, a PEG ratio of 0.74 and a beta of 0.22. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.92. Carbonite Inc has a twelve month low of $18.20 and a twelve month high of $33.55.

Carbonite (NASDAQ:CARB) last released its earnings results on Tuesday, February 13th. The technology company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $61.69 million during the quarter, compared to analyst estimates of $63.72 million. Carbonite had a negative net margin of 1.67% and a positive return on equity of 38.08%. research analysts expect that Carbonite Inc will post 1 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. BidaskClub upgraded shares of Carbonite from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Zacks Investment Research upgraded shares of Carbonite from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Tuesday. B. Riley increased their price objective on shares of Carbonite from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Lake Street Capital reiterated a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Carbonite in a research report on Wednesday, February 14th. Finally, TheStreet lowered shares of Carbonite from a “c+” rating to a “d” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Carbonite currently has a consensus rating of “Buy” and an average target price of $30.29.

Several institutional investors have recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its holdings in shares of Carbonite by 24.4% in the 3rd quarter. Brown Advisory Inc. now owns 15,614 shares of the technology company’s stock worth $344,000 after acquiring an additional 3,065 shares during the last quarter. Cadence Capital Management LLC increased its stake in Carbonite by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 73,109 shares of the technology company’s stock worth $1,608,000 after buying an additional 3,553 shares during the period. Virginia Retirement Systems ET AL increased its stake in Carbonite by 14.2% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 33,800 shares of the technology company’s stock worth $744,000 after buying an additional 4,200 shares during the period. Pembroke Management LTD increased its stake in Carbonite by 0.4% in the 4th quarter. Pembroke Management LTD now owns 1,250,153 shares of the technology company’s stock worth $31,378,000 after buying an additional 4,400 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Carbonite by 167.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock worth $162,000 after buying an additional 4,612 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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Carbonite Company Profile

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.

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

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