Carbonite, Inc. (CARB) SVP Paul S. Mellinger Sells 1,940 Shares
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.
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.
COPYRIGHT VIOLATION NOTICE: “Carbonite, Inc. (CARB) SVP Paul S. Mellinger Sells 1,940 Shares” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.thecerbatgem.com/2018/01/09/carbonite-inc-carb-svp-paul-s-mellinger-sells-1940-shares.html.
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.
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.