Carbonite, Inc. (NASDAQ:CARB) SVP Norman Guadagno sold 1,134 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $23.70, for a total value of $26,875.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Norman Guadagno also recently made the following trade(s):
- On Friday, January 12th, Norman Guadagno sold 1,912 shares of Carbonite stock. The shares were sold at an average price of $25.80, for a total value of $49,329.60.
Shares of Carbonite, Inc. (NASDAQ:CARB) traded down $0.90 during trading on Monday, reaching $22.70. The company’s stock had a trading volume of 353,651 shares, compared to its average volume of 198,694. The company has a debt-to-equity ratio of 3.12, a quick ratio of 1.12 and a current ratio of 1.12. Carbonite, Inc. has a 52-week low of $18.10 and a 52-week high of $27.00. The firm has a market cap of $651.69, a P/E ratio of -189.17, a P/E/G ratio of 1.89 and a beta of 0.33.
A number of institutional investors have recently modified their holdings of CARB. Legal & General Group Plc grew its holdings in Carbonite by 19.5% during the 2nd quarter. Legal & General Group Plc now owns 6,035 shares of the technology company’s stock worth $132,000 after acquiring an additional 985 shares during the period. Swiss National Bank grew its holdings in Carbonite by 17.0% during the 2nd quarter. Swiss National Bank now owns 36,400 shares of the technology company’s stock worth $794,000 after acquiring an additional 5,300 shares during the period. Alliancebernstein L.P. grew its holdings in Carbonite by 108.2% during the 2nd quarter. Alliancebernstein L.P. now owns 26,750 shares of the technology company’s stock worth $583,000 after acquiring an additional 13,900 shares during the period. Teachers Advisors LLC grew its holdings in Carbonite by 53.9% during the 2nd quarter. Teachers Advisors LLC now owns 44,326 shares of the technology company’s stock worth $966,000 after acquiring an additional 15,531 shares during the period. Finally, TIAA CREF Investment Management LLC grew its holdings in Carbonite by 16.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 66,310 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 9,516 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.
A number of analysts recently weighed in on CARB shares. BidaskClub upgraded Carbonite from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. JMP Securities started coverage on Carbonite in a report on Tuesday, October 17th. They issued an “outperform” rating and a $30.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Carbonite presently has a consensus rating of “Buy” and a consensus price target of $27.71.
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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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