Carbon Black Inc (CBLK) Short Interest Up 36.9% in October

Carbon Black Inc (NASDAQ:CBLK) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 3,856,399 shares, a growth of 36.9% from the October 15th total of 2,817,430 shares. Based on an average daily volume of 787,548 shares, the short-interest ratio is currently 4.9 days. Approximately 13.3% of the shares of the stock are short sold.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Carbon Black from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, October 31st. Morgan Stanley dropped their price target on Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, October 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Carbon Black currently has a consensus rating of “Buy” and a consensus target price of $27.00.

NASDAQ CBLK opened at $15.70 on Friday. Carbon Black has a 52 week low of $15.42 and a 52 week high of $35.00.

Carbon Black (NASDAQ:CBLK) last released its earnings results on Thursday, October 25th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. The firm had revenue of $53.42 million during the quarter, compared to analyst estimates of $52.65 million. Sell-side analysts predict that Carbon Black will post -1.19 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new stake in shares of Carbon Black in the 3rd quarter valued at $11,438,000. Alliancebernstein L.P. increased its stake in shares of Carbon Black by 18.5% in the 3rd quarter. Alliancebernstein L.P. now owns 32,600 shares of the company’s stock valued at $690,000 after buying an additional 5,100 shares during the period. Jennison Associates LLC increased its stake in shares of Carbon Black by 118.2% in the 3rd quarter. Jennison Associates LLC now owns 1,702,909 shares of the company’s stock valued at $36,068,000 after buying an additional 922,554 shares during the period. Quantum Capital Management acquired a new stake in shares of Carbon Black in the 3rd quarter valued at $291,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Carbon Black in the 3rd quarter valued at $105,000. 24.48% of the stock is owned by institutional investors.

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About Carbon Black

Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.

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