Carbonite, Inc. (NASDAQ:CARB) SVP Norman Guadagno sold 1,912 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $25.80, for a total transaction of $49,329.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Carbonite, Inc. (NASDAQ CARB) traded down $0.30 during trading on Tuesday, reaching $25.70. 216,405 shares of the company were exchanged, compared to its average volume of 191,070. The stock has a market capitalization of $728.03, a P/E ratio of -214.17, a price-to-earnings-growth ratio of 2.08 and a beta of 0.37. 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 52 week low of $15.90 and a 52 week high of $27.00.

Carbonite (NASDAQ:CARB) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. The company had revenue of $61.60 million for the quarter, compared to the consensus estimate of $61.49 million. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. Carbonite’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. sell-side analysts anticipate that Carbonite, Inc. will post 0.39 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its stake in Carbonite by 6.0% during the second quarter. Renaissance Technologies LLC now owns 2,317,700 shares of the technology company’s stock valued at $50,526,000 after purchasing an additional 131,300 shares in the last quarter. Vanguard Group Inc. raised its stake in Carbonite by 14.8% during the second quarter. Vanguard Group Inc. now owns 1,686,093 shares of the technology company’s stock valued at $36,757,000 after purchasing an additional 217,337 shares in the last quarter. Crosslink Capital Inc. raised its stake in Carbonite by 7.2% during the second quarter. Crosslink Capital Inc. now owns 1,312,983 shares of the technology company’s stock valued at $28,623,000 after purchasing an additional 87,900 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Carbonite by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,103,160 shares of the technology company’s stock valued at $24,270,000 after acquiring an additional 46,260 shares during the period. Finally, Hood River Capital Management LLC raised its stake in shares of Carbonite by 132.3% in the second quarter. Hood River Capital Management LLC now owns 783,723 shares of the technology company’s stock valued at $17,085,000 after acquiring an additional 446,308 shares during the period. 94.21% of the stock is currently owned by institutional investors.

Several research firms have recently commented on CARB. JMP Securities began coverage on shares of Carbonite in a report on Tuesday, October 17th. They issued an “outperform” rating and a $30.00 target price on the stock. Oppenheimer reissued a “buy” rating and issued a $30.00 target price on shares of Carbonite in a report on Thursday, September 21st. BidaskClub raised shares of Carbonite from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, Rosenblatt Securities began coverage on shares of Carbonite in a research note on Monday, September 18th. They set a “buy” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.71.

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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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