Shares of Carbon Black Inc (NASDAQ:CBLK) have earned an average recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $28.60.
CBLK has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Zacks Investment Research downgraded shares of Carbon Black from a “buy” rating to a “sell” rating in a report on Tuesday, November 20th.
In other news, insider Michael Viscuso sold 50,000 shares of the company’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $13.63, for a total transaction of $681,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several large investors have recently made changes to their positions in the company. Jennison Associates LLC increased its holdings in shares of Carbon Black by 118.2% during the third quarter. Jennison Associates LLC now owns 1,702,909 shares of the company’s stock worth $36,068,000 after buying an additional 922,554 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Carbon Black in the second quarter worth $20,799,000. William Blair Investment Management LLC grew its stake in shares of Carbon Black by 7.3% in the third quarter. William Blair Investment Management LLC now owns 616,794 shares of the company’s stock worth $13,064,000 after purchasing an additional 41,815 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Carbon Black by 1.5% in the third quarter. Vanguard Group Inc. now owns 604,628 shares of the company’s stock worth $12,806,000 after purchasing an additional 8,879 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Carbon Black by 1.5% in the third quarter. Vanguard Group Inc now owns 604,628 shares of the company’s stock worth $12,806,000 after purchasing an additional 8,879 shares during the last quarter. Institutional investors own 25.97% of the company’s stock.
Shares of CBLK opened at $13.82 on Wednesday. Carbon Black has a one year low of $11.80 and a one year high of $35.00.
Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings data on Thursday, October 25th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.05. The firm had revenue of $53.42 million for the quarter, compared to analyst estimates of $52.65 million. On average, sell-side analysts forecast that Carbon Black will post -1.48 earnings per share for the current fiscal year.
Carbon Black Company Profile
Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.
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