Carbonite Inc (CARB) General Counsel Danielle Sheer Sells 691 Shares

Carbonite Inc (NASDAQ:CARB) General Counsel Danielle Sheer sold 691 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $27.95, for a total value of $19,313.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Danielle Sheer also recently made the following trade(s):

  • On Thursday, November 8th, Danielle Sheer sold 5,193 shares of Carbonite stock. The shares were sold at an average price of $30.00, for a total value of $155,790.00.
  • On Monday, October 29th, Danielle Sheer sold 1,553 shares of Carbonite stock. The shares were sold at an average price of $33.26, for a total value of $51,652.78.
  • On Wednesday, October 17th, Danielle Sheer sold 7,474 shares of Carbonite stock. The shares were sold at an average price of $35.59, for a total value of $265,999.66.
  • On Thursday, September 20th, Danielle Sheer sold 484 shares of Carbonite stock. The shares were sold at an average price of $39.00, for a total value of $18,876.00.
  • On Friday, September 7th, Danielle Sheer sold 14,480 shares of Carbonite stock. The shares were sold at an average price of $43.19, for a total value of $625,391.20.

Shares of Carbonite stock traded up $0.19 on Thursday, hitting $27.80. The stock had a trading volume of 11,097 shares, compared to its average volume of 463,374. Carbonite Inc has a twelve month low of $20.50 and a twelve month high of $43.63. The company has a market capitalization of $954.15 million, a P/E ratio of 55.58, a P/E/G ratio of 1.22 and a beta of 0.69.

Carbonite (NASDAQ:CARB) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.07. Carbonite had a return on equity of 29.30% and a net margin of 1.85%. The company had revenue of $79.10 million during the quarter, compared to the consensus estimate of $80.15 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue was up 25.4% compared to the same quarter last year. As a group, equities research analysts predict that Carbonite Inc will post 1.13 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc acquired a new position in shares of Carbonite in the second quarter valued at approximately $221,000. Jane Street Group LLC increased its stake in shares of Carbonite by 222.3% in the third quarter. Jane Street Group LLC now owns 6,665 shares of the technology company’s stock valued at $238,000 after buying an additional 12,116 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of Carbonite in the third quarter valued at approximately $267,000. Raymond James & Associates acquired a new position in shares of Carbonite in the second quarter valued at approximately $267,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in shares of Carbonite in the third quarter valued at approximately $285,000.

CARB has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on Carbonite in a research note on Friday, October 12th. They issued a “buy” rating and a $45.00 price target for the company. BidaskClub raised Carbonite from a “hold” rating to a “buy” rating in a research note on Saturday, September 8th. Stifel Nicolaus assumed coverage on Carbonite in a research note on Monday, August 20th. They set a “buy” rating and a $44.00 target price for the company. Zacks Investment Research downgraded Carbonite from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, ValuEngine downgraded Carbonite from a “buy” rating to a “hold” rating in a research note on Friday, November 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Carbonite currently has a consensus rating of “Buy” and an average price target of $38.58.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.wkrb13.com/2018/12/06/carbonite-inc-carb-general-counsel-danielle-sheer-sells-691-shares.html.

About Carbonite

Carbonite, Inc, together with its subsidiaries, provides backup, disaster recovery, high availability, and workload migration technology solutions in the United States. Its solutions include Carbonite Safe that offers annual and multi-year cloud backup plans for individuals or businesses; and Carbonite Endpoint Protection that protects the data, which resides on an organization's computers, laptops, tablets, and smartphones.

Further Reading: How does the Federal Reserve determine interest rates?

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

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.

Leave a Reply