Carbonite, Inc. (CARB) General Counsel Danielle Sheer Sells 2,321 Shares

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.

Carbonite (NASDAQ:CARB) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. The firm had revenue of $61.69 million during the quarter, compared to analysts’ expectations of $63.72 million. equities analysts predict that Carbonite, Inc. will post 0.39 earnings per share for the current year.

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.

TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/02/14/carbonite-inc-carb-general-counsel-danielle-sheer-sells-2321-shares.html.

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)

Receive News & Ratings for Carbonite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbonite and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply