Carbonite, Inc. (NASDAQ:CARB) General Counsel Danielle Sheer sold 2,321 shares of Carbonite stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $20.89, for a total transaction of $48,485.69. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Danielle Sheer also recently made the following trade(s):
- On Friday, February 2nd, Danielle Sheer sold 2,482 shares of Carbonite stock. The shares were sold at an average price of $23.70, for a total transaction of $58,823.40.
- On Tuesday, December 12th, Danielle Sheer sold 519 shares of Carbonite stock. The stock was sold at an average price of $23.10, for a total transaction of $11,988.90.
- On Monday, November 27th, Danielle Sheer sold 297 shares of Carbonite stock. The stock was sold at an average price of $23.55, for a total transaction of $6,994.35.
Carbonite, Inc. (NASDAQ:CARB) traded up $4.82 on Wednesday, hitting $26.53. 1,717,744 shares of the stock traded hands, compared to its average volume of 239,157. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.12 and a quick ratio of 1.12. Carbonite, Inc. has a 1 year low of $18.20 and a 1 year high of $27.00. The stock has a market capitalization of $741.30, a PE ratio of -221.04, a price-to-earnings-growth ratio of 1.69 and a beta of 0.33.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CARB. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of Carbonite during the fourth quarter valued at approximately $12,272,000. Schroder Investment Management Group raised its holdings in shares of Carbonite by 145.6% during the fourth quarter. Schroder Investment Management Group now owns 630,811 shares of the technology company’s stock valued at $15,833,000 after purchasing an additional 373,958 shares during the last quarter. Elk Creek Partners LLC purchased a new position in shares of Carbonite during the third quarter valued at approximately $7,856,000. ArrowMark Colorado Holdings LLC raised its holdings in shares of Carbonite by 22.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,467,017 shares of the technology company’s stock valued at $36,822,000 after purchasing an additional 264,382 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Carbonite by 30.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,056,900 shares of the technology company’s stock valued at $23,041,000 after purchasing an additional 249,343 shares during the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on CARB. Lake Street Capital reaffirmed a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Carbonite in a report on Wednesday. B. Riley lifted their target price on shares of Carbonite from $30.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday. BidaskClub cut shares of Carbonite from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, 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 for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.86.
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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.
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