Insider Selling: Carbonite, Inc. (CARB) SVP Sells 1,940 Shares of Stock
Carbonite, Inc. (NASDAQ:CARB) SVP Paul S. Mellinger sold 1,940 shares of Carbonite stock in a transaction on Friday, January 5th. The shares were sold at an average price of $25.80, for a total value of $50,052.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Paul S. Mellinger also recently made the following trade(s):
- On Thursday, November 9th, Paul S. Mellinger sold 7,500 shares of Carbonite stock. The stock was sold at an average price of $22.10, for a total value of $165,750.00.
Shares of Carbonite, Inc. (NASDAQ:CARB) traded up $0.35 during trading on Monday, hitting $25.95. The company had a trading volume of 213,314 shares, compared to its average volume of 238,574. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.12. Carbonite, Inc. has a twelve month low of $15.30 and a twelve month high of $27.00. The firm has a market capitalization of $725.23, a PE ratio of -216.25, a PEG ratio of 2.05 and a beta of 0.37.
Carbonite (NASDAQ:CARB) last announced its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. The business had revenue of $61.60 million during the quarter, compared to analysts’ expectations of $61.49 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. research analysts predict that Carbonite, Inc. will post 0.39 earnings per share for the current fiscal year.
A number of brokerages recently commented on CARB. Oppenheimer reaffirmed a “buy” rating and set a $30.00 price objective on shares of Carbonite in a research note on Thursday, September 21st. BidaskClub raised Carbonite from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. JMP Securities began coverage on Carbonite in a research note on Tuesday, October 17th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Rosenblatt Securities began coverage on Carbonite in a research note on Monday, September 18th. They set a “buy” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $27.71.
A number of hedge funds have recently bought and sold shares of CARB. Rhumbline Advisers lifted its holdings in Carbonite by 33.5% during the second quarter. Rhumbline Advisers now owns 27,163 shares of the technology company’s stock worth $592,000 after acquiring an additional 6,810 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Carbonite by 12.0% during the second quarter. Bank of New York Mellon Corp now owns 202,196 shares of the technology company’s stock worth $4,407,000 after acquiring an additional 21,623 shares in the last quarter. Legal & General Group Plc lifted its holdings in Carbonite by 19.5% during the second quarter. Legal & General Group Plc now owns 6,035 shares of the technology company’s stock worth $132,000 after acquiring an additional 985 shares in the last quarter. Swiss National Bank lifted its holdings in Carbonite by 17.0% during the second quarter. Swiss National Bank now owns 36,400 shares of the technology company’s stock worth $794,000 after acquiring an additional 5,300 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its holdings in Carbonite by 29.5% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 37,078 shares of the technology company’s stock worth $808,000 after acquiring an additional 8,445 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
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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.
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