Carbonite Inc (NASDAQ:CARB) SVP Norman Guadagno sold 4,294 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $32.55, for a total transaction of $139,769.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Norman Guadagno also recently made the following trade(s):
- On Tuesday, September 4th, Norman Guadagno sold 12,402 shares of Carbonite stock. The stock was sold at an average price of $41.03, for a total transaction of $508,854.06.
NASDAQ:CARB opened at $35.51 on Friday. Carbonite Inc has a 52 week low of $20.50 and a 52 week high of $43.63. The company has a market capitalization of $1.11 billion, a P/E ratio of 40.62, a PEG ratio of 0.78 and a beta of 0.55. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.73 and a current ratio of 0.73.
Carbonite (NASDAQ:CARB) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. Carbonite had a return on equity of 46.67% and a net margin of 0.39%. The firm had revenue of $79.10 million for the quarter, compared to the consensus estimate of $80.15 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. On average, sell-side analysts anticipate that Carbonite Inc will post 1.05 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. increased its holdings in Carbonite by 7.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 124,076 shares of the technology company’s stock worth $4,331,000 after buying an additional 8,705 shares during the last quarter. Intrinsic Edge Capital Management LLC acquired a new position in Carbonite in the second quarter worth approximately $6,746,000. Engineers Gate Manager LP acquired a new position in Carbonite in the second quarter worth approximately $1,733,000. CIBC Private Wealth Group LLC increased its holdings in Carbonite by 11.9% in the second quarter. CIBC Private Wealth Group LLC now owns 60,420 shares of the technology company’s stock worth $2,109,000 after buying an additional 6,405 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in Carbonite during the first quarter valued at approximately $5,825,000. Hedge funds and other institutional investors own 84.55% of the company’s stock.
A number of analysts have recently issued reports on CARB shares. Oppenheimer increased their price target on shares of Carbonite from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Zacks Investment Research raised shares of Carbonite from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research report on Monday, September 24th. BidaskClub lowered shares of Carbonite from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Royal Bank of Canada started coverage on shares of Carbonite in a research report on Friday, October 5th. They issued an “outperform” rating and a $42.00 price target for the company. Finally, Barclays increased their price target on shares of Carbonite from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 12th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.33.
Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe that offers annual and multi-year cloud backup plans for individuals or businesses; and Carbonite Endpoint Protection that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.
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