11,529 Shares in Carbon Black Inc (CBLK) Acquired by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC purchased a new position in Carbon Black Inc (NASDAQ:CBLK) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 11,529 shares of the company’s stock, valued at approximately $161,000.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio lifted its stake in Carbon Black by 58.3% in the 4th quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $50,000 after purchasing an additional 1,400 shares in the last quarter. NumerixS Investment Technologies Inc lifted its stake in Carbon Black by 1,050.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 9,200 shares of the company’s stock worth $122,000 after purchasing an additional 8,400 shares in the last quarter. Citigroup Inc. lifted its stake in Carbon Black by 341.9% in the 4th quarter. Citigroup Inc. now owns 10,092 shares of the company’s stock worth $135,000 after purchasing an additional 7,808 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in Carbon Black in the 4th quarter worth $170,000. Finally, Greenspring Associates Inc. purchased a new stake in Carbon Black in the 4th quarter worth $190,000. Institutional investors and hedge funds own 60.37% of the company’s stock.

Shares of NASDAQ CBLK opened at $12.62 on Friday. Carbon Black Inc has a 12-month low of $11.80 and a 12-month high of $35.00.

Carbon Black (NASDAQ:CBLK) last announced its earnings results on Wednesday, February 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.11. The firm had revenue of $56.90 million for the quarter, compared to analysts’ expectations of $55.59 million. Carbon Black had a negative net margin of 39.13% and a negative return on equity of 101.09%. Carbon Black’s quarterly revenue was up 27.6% compared to the same quarter last year. As a group, equities research analysts forecast that Carbon Black Inc will post -0.91 earnings per share for the current year.

In other news, insider Michael Viscuso sold 50,000 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $15.26, for a total transaction of $763,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 150,000 shares of company stock worth $2,178,000 over the last 90 days.

Several analysts have commented on the stock. Robert W. Baird initiated coverage on shares of Carbon Black in a research note on Wednesday, April 3rd. They issued an “outperform” rating and a $20.00 price target on the stock. Zacks Investment Research cut shares of Carbon Black from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. KeyCorp decreased their target price on shares of Carbon Black from $25.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, February 21st. JPMorgan Chase & Co. cut shares of Carbon Black from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $30.00 to $15.00 in a research report on Thursday, February 21st. Finally, Raymond James upgraded shares of Carbon Black from an “outperform” rating to a “strong-buy” rating and set a $14.77 target price on the stock in a research report on Tuesday, January 29th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.47.

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About Carbon Black

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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Institutional Ownership by Quarter for Carbon Black (NASDAQ:CBLK)

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