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Carbonite (NASDAQ:CARB) Director Jeffry Flowers sold 8,300 shares of the company’s stock on the open market in a transaction dated Friday, June 13th. The shares were sold at an average price of $10.66, for a total transaction of $88,478.00. Following the completion of the sale, the director now directly owns 268,987 shares in the company, valued at approximately $2,867,401. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Carbonite (NASDAQ:CARB) traded up 6.70% on Monday, hitting $11.15. 158,963 shares of the company’s stock traded hands. Carbonite has a 52-week low of $8.26 and a 52-week high of $16.50. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $10.76. The company’s market cap is $297.6 million.

Carbonite (NASDAQ:CARB) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.07. The company had revenue of $29.10 million for the quarter, compared to the consensus estimate of $28.60 million. During the same quarter in the prior year, the company posted ($0.18) earnings per share. The company’s quarterly revenue was up 18.8% on a year-over-year basis. On average, analysts predict that Carbonite will post $-0.08 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on CARB shares. Analysts at Zacks upgraded shares of Carbonite from a “neutral” rating to an “outperform” rating in a research note on Monday, May 5th. They now have a $10.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.67.

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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