Norman Guadagno Sells 1,134 Shares of Carbonite, Inc. (CARB) Stock

Carbonite, Inc. (NASDAQ:CARB) SVP Norman Guadagno sold 1,134 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $23.70, for a total value of $26,875.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Norman Guadagno also recently made the following trade(s):

  • On Friday, January 12th, Norman Guadagno sold 1,912 shares of Carbonite stock. The shares were sold at an average price of $25.80, for a total value of $49,329.60.

Shares of Carbonite, Inc. (NASDAQ CARB) traded down $0.90 during mid-day trading on Monday, hitting $22.70. The company had a trading volume of 353,651 shares, compared to its average volume of 198,694. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.12. The company has a market capitalization of $651.69, a PE ratio of -189.17, a P/E/G ratio of 1.89 and a beta of 0.33. Carbonite, Inc. has a fifty-two week low of $18.10 and a fifty-two week high of $27.00.

Several equities analysts have recently commented on CARB shares. BidaskClub raised Carbonite from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. JMP Securities started 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Carbonite presently has an average rating of “Buy” and an average target price of $27.71.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Carbonite by 14.8% in the second quarter. Vanguard Group Inc. now owns 1,686,093 shares of the technology company’s stock valued at $36,757,000 after buying an additional 217,337 shares during the period. Crosslink Capital Inc. boosted its stake in shares of Carbonite by 7.2% in the second quarter. Crosslink Capital Inc. now owns 1,312,983 shares of the technology company’s stock valued at $28,623,000 after buying an additional 87,900 shares during the period. Pembroke Management LTD boosted its stake in shares of Carbonite by 0.4% in the fourth quarter. Pembroke Management LTD now owns 1,250,153 shares of the technology company’s stock valued at $31,378,000 after buying an additional 4,400 shares during the period. Dimensional Fund Advisors LP boosted 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 buying an additional 46,260 shares during the period. Finally, Summit Creek Advisors LLC boosted its stake in shares of Carbonite by 10.1% in the fourth quarter. Summit Creek Advisors LLC now owns 613,577 shares of the technology company’s stock valued at $15,401,000 after buying an additional 56,285 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

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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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