Carbonite, Inc. (NASDAQ:CARB) SVP Norman Guadagno sold 1,912 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $25.80, for a total transaction of $49,329.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Carbonite, Inc. (NASDAQ CARB) opened at $26.00 on Friday. Carbonite, Inc. has a 52-week low of $15.90 and a 52-week high of $27.00. The stock has a market cap of $726.63, a PE ratio of -236.36, a price-to-earnings-growth ratio of 2.08 and a beta of 0.37. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.12 and a quick ratio of 1.12.

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

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in shares of Carbonite by 6.0% in the second quarter. Renaissance Technologies LLC now owns 2,317,700 shares of the technology company’s stock valued at $50,526,000 after acquiring an additional 131,300 shares during the period. Vanguard Group Inc. increased its position in shares of Carbonite by 14.8% in the second quarter. Vanguard Group Inc. now owns 1,686,093 shares of the technology company’s stock valued at $36,757,000 after acquiring an additional 217,337 shares during the period. Crosslink Capital Inc. increased its position in shares of Carbonite by 7.2% in the second quarter. Crosslink Capital Inc. now owns 1,312,983 shares of the technology company’s stock valued at $28,623,000 after acquiring an additional 87,900 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Carbonite by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,103,160 shares of the technology company’s stock valued at $24,270,000 after acquiring an additional 46,260 shares during the period. Finally, Hood River Capital Management LLC increased its position in shares of Carbonite by 132.3% in the second quarter. Hood River Capital Management LLC now owns 783,723 shares of the technology company’s stock valued at $17,085,000 after acquiring an additional 446,308 shares during the period. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Several analysts have weighed in on CARB shares. BidaskClub raised shares of Carbonite from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. JMP Securities started coverage on shares of Carbonite in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Oppenheimer reissued a “buy” rating and issued a $30.00 price target on shares of Carbonite in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $27.71.

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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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