Carbonite Inc. (NASDAQ:CARB) CFO Anthony Folger sold 8,170 shares of Carbonite stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $16.19, for a total transaction of $132,272.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, August 30th, Anthony Folger sold 1,049 shares of Carbonite stock. The shares were sold at an average price of $14.09, for a total transaction of $14,780.41.
  • On Friday, August 26th, Anthony Folger sold 513 shares of Carbonite stock. The shares were sold at an average price of $13.79, for a total transaction of $7,074.27.
  • On Wednesday, August 3rd, Anthony Folger sold 6,000 shares of Carbonite stock. The shares were sold at an average price of $13.23, for a total transaction of $79,380.00.

Carbonite Inc. (NASDAQ:CARB) opened at 16.09 on Wednesday. The firm’s 50-day moving average is $14.77 and its 200-day moving average is $11.16. Carbonite Inc. has a 1-year low of $6.50 and a 1-year high of $16.27. The firm’s market capitalization is $435.07 million.

Carbonite (NASDAQ:CARB) last released its earnings results on Tuesday, August 2nd. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.16. The firm earned $53.40 million during the quarter, compared to analysts’ expectations of $44.19 million. Carbonite had a negative net margin of 7.36% and a negative return on equity of 453.55%. The business’s quarterly revenue was up 57.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.01) EPS. On average, equities analysts anticipate that Carbonite Inc. will post $0.50 EPS for the current year.

Insider Buying and Selling by Quarter for Carbonite (NASDAQ:CARB)

CARB has been the subject of several research reports. Zacks Investment Research raised shares of Carbonite from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, October 11th. B. Riley reaffirmed a “buy” rating and issued a $17.00 price target on shares of Carbonite in a report on Wednesday, September 28th. Finally, Oppenheimer Holdings Inc. raised shares of Carbonite from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Tuesday, October 11th.

Institutional investors have recently added to or reduced their stakes in the stock. Lyon Street Capital LLC boosted its position in Carbonite by 6.9% in the second quarter. Lyon Street Capital LLC now owns 751,049 shares of the company’s stock valued at $7,308,000 after buying an additional 48,469 shares during the last quarter. Vanguard Group Inc. boosted its position in Carbonite by 2.0% in the second quarter. Vanguard Group Inc. now owns 733,791 shares of the company’s stock valued at $7,140,000 after buying an additional 14,351 shares during the last quarter. BlackRock Fund Advisors boosted its position in Carbonite by 0.8% in the second quarter. BlackRock Fund Advisors now owns 472,900 shares of the company’s stock valued at $4,601,000 after buying an additional 3,728 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Carbonite by 8.6% in the second quarter. Panagora Asset Management Inc. now owns 316,634 shares of the company’s stock valued at $3,081,000 after buying an additional 25,167 shares during the last quarter. Finally, State Street Corp boosted its position in Carbonite by 23.2% in the second quarter. State Street Corp now owns 279,263 shares of the company’s stock valued at $2,717,000 after buying an additional 52,603 shares during the last quarter. Hedge funds and other institutional investors own 64.51% of the company’s stock.

About Carbonite

Carbonite, Inc (Carbonite) is a provider of cloud and business continuity solutions. The Company’s solutions are designed to address the specific needs of small and medium sized businesses and individuals. It offers various solutions, such as Carbonite Personal, Carbonite Pro, Carbonite Server Backup and MailStore.

5 Day Chart for NASDAQ:CARB

Receive News & Stock Ratings for Carbonite Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbonite Inc. and related stocks with our FREE daily email newsletter.