Carbonite, Inc. (NASDAQ:CARB) SVP Paul S. Mellinger sold 1,940 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $25.80, for a total transaction of $50,052.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Paul S. Mellinger also recently made the following trade(s):

  • On Thursday, November 9th, Paul S. Mellinger sold 7,500 shares of Carbonite stock. The stock was sold at an average price of $22.10, for a total transaction of $165,750.00.

Carbonite, Inc. (NASDAQ:CARB) opened at $25.95 on Tuesday. The stock has a market cap of $725.23, a P/E ratio of -216.25, a P/E/G ratio of 2.05 and a beta of 0.37. 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 1-year low of $15.30 and a 1-year high of $27.00.

Carbonite (NASDAQ:CARB) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The company had revenue of $61.60 million for the quarter, compared to analyst estimates of $61.49 million. Carbonite had a negative net margin of 1.32% and a positive return on equity of 32.85%. Carbonite’s revenue was up 18.7% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share. equities analysts predict that Carbonite, Inc. will post 0.39 EPS for the current year.

CARB has been the topic of a number of research reports. Oppenheimer reaffirmed a “buy” rating and set a $30.00 target price on shares of Carbonite in a research report on Thursday, September 21st. JMP Securities initiated coverage on shares of Carbonite in a research report on Tuesday, October 17th. They set an “outperform” rating and a $30.00 target price on the stock. BidaskClub raised shares of Carbonite from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Rosenblatt Securities initiated coverage on shares of Carbonite in a research report on Monday, September 18th. They set a “buy” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.71.

A number of hedge funds have recently modified their holdings of CARB. Quantbot Technologies LP increased its holdings in Carbonite by 17.2% during the second quarter. Quantbot Technologies LP now owns 5,449 shares of the technology company’s stock valued at $118,000 after buying an additional 800 shares during the period. Legal & General Group Plc increased its holdings in Carbonite by 19.5% during the second quarter. Legal & General Group Plc now owns 6,035 shares of the technology company’s stock valued at $132,000 after buying an additional 985 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Carbonite by 167.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,370 shares of the technology company’s stock valued at $162,000 after buying an additional 4,612 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Carbonite during the second quarter valued at approximately $231,000. Finally, Voya Investment Management LLC purchased a new position in Carbonite during the second quarter valued at approximately $236,000. 94.21% of the stock is currently owned by institutional investors.

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About Carbonite

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.

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

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