Anthony Folger Sells 1,611 Shares of Carbonite Inc (CARB) Stock

Carbonite Inc (NASDAQ:CARB) CFO Anthony Folger sold 1,611 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $27.95, for a total transaction of $45,027.45. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Anthony Folger also recently made the following trade(s):

  • On Monday, October 29th, Anthony Folger sold 2,881 shares of Carbonite stock. The stock was sold at an average price of $33.26, for a total transaction of $95,822.06.
  • On Friday, October 19th, Anthony Folger sold 10,000 shares of Carbonite stock. The stock was sold at an average price of $35.36, for a total transaction of $353,600.00.
  • On Thursday, September 20th, Anthony Folger sold 1,703 shares of Carbonite stock. The stock was sold at an average price of $39.00, for a total transaction of $66,417.00.

NASDAQ CARB traded up $0.17 on Monday, hitting $28.50. The company’s stock had a trading volume of 286,580 shares, compared to its average volume of 427,418. Carbonite Inc has a 1-year low of $20.50 and a 1-year high of $43.63. The stock has a market cap of $979.03 million, a P/E ratio of 57.00, a price-to-earnings-growth ratio of 1.25 and a beta of 0.70.

Carbonite (NASDAQ:CARB) last announced its quarterly earnings results on Thursday, November 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Carbonite had a net margin of 1.85% and a return on equity of 29.30%. The firm had revenue of $79.10 million during the quarter, compared to analysts’ expectations of $80.15 million. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 25.4% on a year-over-year basis. On average, analysts expect that Carbonite Inc will post 1.13 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Carbonite by 22.9% in the 3rd quarter. BlackRock Inc. now owns 2,237,267 shares of the technology company’s stock valued at $79,759,000 after acquiring an additional 417,253 shares during the period. Vanguard Group Inc. increased its position in Carbonite by 30.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,866,217 shares of the technology company’s stock valued at $66,531,000 after acquiring an additional 435,554 shares during the period. Renaissance Technologies LLC increased its position in Carbonite by 0.3% in the 3rd quarter. Renaissance Technologies LLC now owns 1,680,289 shares of the technology company’s stock valued at $59,902,000 after acquiring an additional 5,289 shares during the period. Portolan Capital Management LLC increased its position in Carbonite by 7.7% in the 2nd quarter. Portolan Capital Management LLC now owns 1,484,309 shares of the technology company’s stock valued at $51,802,000 after acquiring an additional 106,638 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Carbonite by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,138,721 shares of the technology company’s stock valued at $40,595,000 after acquiring an additional 2,980 shares during the period.

A number of research firms recently issued reports on CARB. BidaskClub cut shares of Carbonite from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. MED cut shares of Carbonite from an “outperform” rating to a “market perform” rating in a research report on Friday, November 2nd. Zacks Investment Research cut shares of Carbonite from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. ValuEngine cut shares of Carbonite from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Oppenheimer upped their price objective 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Carbonite has a consensus rating of “Buy” and an average target price of $38.58.

TRADEMARK VIOLATION NOTICE: “Anthony Folger Sells 1,611 Shares of Carbonite Inc (CARB) Stock” was reported by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.baseballdailydigest.com/news/2018/12/03/anthony-folger-sells-1611-shares-of-carbonite-inc-carb-stock.html.

Carbonite Company Profile

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.

Read More: Determine Your Level of Risk Tolerance

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