Carbonite, Inc. (NASDAQ:CARB) CFO Anthony Folger sold 7,992 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $23.45, for a total value of $187,412.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Anthony Folger also recently made the following trade(s):

  • On Monday, November 27th, Anthony Folger sold 741 shares of Carbonite stock. The stock was sold at an average price of $23.55, for a total value of $17,450.55.
  • On Wednesday, November 8th, Anthony Folger sold 6,008 shares of Carbonite stock. The stock was sold at an average price of $22.31, for a total value of $134,038.48.
  • On Tuesday, September 26th, Anthony Folger sold 7,500 shares of Carbonite stock. The stock was sold at an average price of $20.59, for a total value of $154,425.00.

Shares of Carbonite, Inc. (NASDAQ:CARB) traded down $0.05 on Tuesday, hitting $22.85. The company had a trading volume of 264,229 shares, compared to its average volume of 386,358. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.12. The stock has a market cap of $660.95, a price-to-earnings ratio of 98.54, a P/E/G ratio of 2.40 and a beta of 0.38. Carbonite, Inc. has a twelve month low of $15.04 and a twelve month high of $27.00.

Carbonite (NASDAQ:CARB) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $61.60 million for the quarter, compared to analyst estimates of $61.49 million. Carbonite had a positive return on equity of 32.85% and a negative net margin of 1.32%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. equities research analysts forecast that Carbonite, Inc. will post 0.39 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in Carbonite by 4.9% in the first quarter. Alliancebernstein L.P. now owns 12,850 shares of the technology company’s stock valued at $261,000 after purchasing an additional 600 shares during the period. Legal & General Group Plc raised its position in Carbonite by 5.5% in the first quarter. Legal & General Group Plc now owns 5,050 shares of the technology company’s stock valued at $101,000 after purchasing an additional 265 shares during the period. Vanguard Group Inc. raised its position in Carbonite by 41.5% in the first quarter. Vanguard Group Inc. now owns 1,468,756 shares of the technology company’s stock valued at $29,816,000 after purchasing an additional 430,556 shares during the period. Dimensional Fund Advisors LP raised its position in Carbonite by 54.3% in the first quarter. Dimensional Fund Advisors LP now owns 807,557 shares of the technology company’s stock valued at $16,393,000 after purchasing an additional 284,133 shares during the period. Finally, Aperio Group LLC raised its position in Carbonite by 29.5% in the second quarter. Aperio Group LLC now owns 19,423 shares of the technology company’s stock valued at $423,000 after purchasing an additional 4,421 shares during the period. 94.61% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on CARB. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Carbonite in a report on Monday, August 7th. Oppenheimer reaffirmed a “buy” rating and issued a $30.00 target price on shares of Carbonite in a research report on Thursday, September 21st. JMP Securities assumed coverage on Carbonite in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $30.00 target price on the stock. BidaskClub lowered Carbonite from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, Rosenblatt Securities assumed coverage on Carbonite in a research report on Monday, September 18th. They issued a “buy” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Carbonite has an average rating of “Buy” and an average price target of $27.71.

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About Carbonite

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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