Carbon Black Inc (NASDAQ:CBLK) has earned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $21.33.

Several research firms have issued reports on CBLK. Zacks Investment Research lowered shares of Carbon Black from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Robert W. Baird reaffirmed a “buy” rating on shares of Carbon Black in a research report on Friday, August 23rd. Cowen set a $26.00 target price on shares of Carbon Black and gave the company a “hold” rating in a research note on Friday, August 23rd. William Blair cut shares of Carbon Black from an “outperform” rating to a “market perform” rating in a research note on Friday, August 23rd. Finally, ValuEngine downgraded Carbon Black from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of Carbon Black by 2.7% during the second quarter. LPL Financial LLC now owns 27,200 shares of the company’s stock worth $455,000 after buying an additional 725 shares in the last quarter. Voya Investment Management LLC grew its position in Carbon Black by 3.9% during the 3rd quarter. Voya Investment Management LLC now owns 21,931 shares of the company’s stock worth $570,000 after acquiring an additional 820 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Carbon Black by 8.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,874 shares of the company’s stock worth $181,000 after acquiring an additional 850 shares during the last quarter. Strs Ohio increased its holdings in Carbon Black by 26.3% during the 2nd quarter. Strs Ohio now owns 4,800 shares of the company’s stock valued at $80,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Exane Asset Management acquired a new stake in Carbon Black during the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 73.85% of the company’s stock.

Shares of Carbon Black stock opened at $26.00 on Friday. The stock has a market capitalization of $1.91 billion, a P/E ratio of -18.57 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $26.03 and a two-hundred day moving average price of $21.94. Carbon Black has a 12-month low of $11.80 and a 12-month high of $26.36.

About Carbon Black

Carbon Black, Inc provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they cause a damaging incident or data breach. The company offers CB Predictive Security Cloud, a big data and analytics platform, which provides endpoint data collection, streaming analytics, collective intelligence, and open application program interfaces, as well as a set of security services.

Read More: How is an ETF different from a mutual fund?

Analyst Recommendations for Carbon Black (NASDAQ:CBLK)

Receive News & Ratings for Carbon Black Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbon Black and related companies with MarketBeat.com's FREE daily email newsletter.