Carbonite, Inc. (NASDAQ:CARB) CAO Cassandra Hudson sold 5,252 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $24.06, for a total transaction of $126,363.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Cassandra Hudson also recently made the following trade(s):
- On Monday, February 5th, Cassandra Hudson sold 9,410 shares of Carbonite stock. The shares were sold at an average price of $23.85, for a total transaction of $224,428.50.
Shares of Carbonite, Inc. (NASDAQ:CARB) traded down $0.40 during midday trading on Monday, reaching $21.15. 357,474 shares of the company’s stock were exchanged, compared to its average volume of 215,472. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $593.88, a P/E ratio of -179.58, a P/E/G ratio of 1.72 and a beta of 0.33. Carbonite, Inc. has a one year low of $18.20 and a one year high of $27.00.
Several analysts have recently commented on the stock. JMP Securities assumed coverage on shares of Carbonite in a research report on Tuesday, October 17th. They set an “outperform” rating and a $30.00 price objective on the stock. BidaskClub upgraded shares of Carbonite from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.71.
A number of hedge funds and other institutional investors have recently made changes to their positions in CARB. Schroder Investment Management Group increased its holdings in Carbonite by 145.6% in the 4th quarter. Schroder Investment Management Group now owns 630,811 shares of the technology company’s stock valued at $15,833,000 after acquiring an additional 373,958 shares during the last quarter. Elk Creek Partners LLC bought a new stake in Carbonite in the 3rd quarter valued at $7,856,000. Dimensional Fund Advisors LP increased its holdings in Carbonite by 30.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,056,900 shares of the technology company’s stock valued at $23,041,000 after acquiring an additional 249,343 shares during the last quarter. Vanguard Group Inc. increased its holdings in Carbonite by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,686,093 shares of the technology company’s stock valued at $36,757,000 after acquiring an additional 217,337 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Carbonite by 331.4% in the 3rd quarter. New York State Common Retirement Fund now owns 282,249 shares of the technology company’s stock valued at $6,209,000 after acquiring an additional 216,824 shares during the last quarter. Institutional investors own 92.56% 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.
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