Carbonite SVP Peter Lamson Sells 15,000 Shares (CARB)
Carbonite (NASDAQ:CARB) SVP Peter Lamson sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $15.38, for a total transaction of $230,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Carbonite (NASDAQ:CARB) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 6th. They now have a $14.10 price target on the stock. Separately, analysts at Northland Capital Partners upgraded shares of Carbonite (NASDAQ:CARB) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, August 1st. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Carbonite (NASDAQ:CARB) from $13.00 to $16.00 in a research note to investors on Thursday, August 1st. They now have an “overweight” rating on the stock.
Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Carbonite has an average rating of “Buy” and a consensus price target of $15.16.
Shares of Carbonite (NASDAQ:CARB) traded up 5.51% on Wednesday, hitting $16.48. 348,394 shares of the company’s stock traded hands. Carbonite has a 1-year low of $5.75 and a 1-year high of $15.88. The stock has a 50-day moving average of $13.9 and a 200-day moving average of $11.8. The company’s market cap is $431.5 million.
Carbonite (NASDAQ:CARB) last announced its earnings results on Tuesday, July 30th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.09. The company had revenue of $26.20 million for the quarter, compared to the consensus estimate of $25.81 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. On average, analysts predict that Carbonite will post $-0.34 earnings per share for the current fiscal year.
Carbonite, Inc (NASDAQ:CARB) focuses on the development and marketing of personal computer backup software that enables users to backup, access, and restore data files online.
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