Carbonite, Inc. (CARB) CFO Anthony Folger Sells 12,750 Shares

Carbonite, Inc. (NASDAQ:CARB) CFO Anthony Folger sold 12,750 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $21.11, for a total value of $269,152.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Friday, February 2nd, Anthony Folger sold 2,458 shares of Carbonite stock. The shares were sold at an average price of $23.70, for a total value of $58,254.60.
  • On Monday, December 4th, Anthony Folger sold 7,992 shares of Carbonite stock. The shares were sold at an average price of $23.45, for a total value of $187,412.40.
  • On Monday, November 27th, Anthony Folger sold 741 shares of Carbonite stock. The shares were sold at an average price of $23.55, for a total value of $17,450.55.

Carbonite, Inc. (CARB) traded up $4.82 during trading on Wednesday, hitting $26.52. 1,717,789 shares of the stock were exchanged, compared to its average volume of 286,803. 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 stock has a market capitalization of $591.09, a price-to-earnings ratio of -241.14, a P/E/G ratio of 1.69 and a beta of 0.33. Carbonite, Inc. has a one year low of $18.20 and a one year high of $27.00.

Carbonite (NASDAQ:CARB) last posted its earnings results on Tuesday, February 13th. The technology company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $61.69 million during the quarter, compared to analyst estimates of $63.72 million. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. sell-side analysts anticipate that Carbonite, Inc. will post 0.39 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of Carbonite by 19.5% during the second quarter. Legal & General Group Plc now owns 6,035 shares of the technology company’s stock worth $132,000 after purchasing an additional 985 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Carbonite by 167.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock worth $162,000 after purchasing an additional 4,612 shares during the period. Fortaleza Asset Management Inc. purchased a new stake in shares of Carbonite during the fourth quarter worth about $167,000. Moors & Cabot Inc. purchased a new stake in shares of Carbonite during the fourth quarter worth about $220,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Carbonite during the second quarter worth about $231,000. Institutional investors own 92.56% of the company’s stock.

A number of brokerages have recently issued reports on CARB. Lake Street Capital reaffirmed a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Carbonite in a research note on Wednesday. B. Riley raised their price objective on Carbonite from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities began coverage on Carbonite in a research note on Tuesday, October 17th. They set an “outperform” rating and a $30.00 price objective on the stock. Finally, BidaskClub cut Carbonite from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $29.86.

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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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