Carbon Black Inc (NASDAQ:CBLK) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Carbon Black Inc (NASDAQ:CBLK) by 6.0% in the 1st quarter, HoldingsChannel reports. The fund owned 530,202 shares of the company’s stock after purchasing an additional 29,965 shares during the quarter. JPMorgan Chase & Co.’s holdings in Carbon Black were worth $7,397,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Institute of Technology acquired a new position in Carbon Black during the 4th quarter worth $355,000. Hershey Trust Co. grew its holdings in Carbon Black by 81.5% during the 1st quarter. Hershey Trust Co. now owns 39,689 shares of the company’s stock worth $554,000 after acquiring an additional 17,816 shares in the last quarter. HarbourVest Partners LLC acquired a new position in Carbon Black during the 4th quarter worth $2,992,000. Geode Capital Management LLC grew its holdings in Carbon Black by 78.0% during the 4th quarter. Geode Capital Management LLC now owns 248,041 shares of the company’s stock worth $3,328,000 after acquiring an additional 108,697 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Carbon Black by 1,490.5% in the 4th quarter. Bank of New York Mellon Corp now owns 428,159 shares of the company’s stock valued at $5,746,000 after buying an additional 401,240 shares during the period. 61.89% of the stock is owned by institutional investors.

Shares of CBLK stock opened at $15.65 on Wednesday. Carbon Black Inc has a 52-week low of $11.80 and a 52-week high of $35.00. The firm has a market capitalization of $1.12 billion and a PE ratio of -11.18. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.08.

Carbon Black (NASDAQ:CBLK) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.22). Carbon Black had a negative net margin of 36.91% and a negative return on equity of 38.71%. The company had revenue of $58.60 million during the quarter, compared to analysts’ expectations of $57.10 million. During the same quarter in the prior year, the company posted ($0.98) EPS. The business’s revenue was up 21.1% on a year-over-year basis. As a group, equities research analysts forecast that Carbon Black Inc will post -0.89 earnings per share for the current year.

In other news, Director Ronald H. Nordin sold 86,750 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total value of $1,648,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Morley sold 277,830 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total transaction of $5,278,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 464,580 shares of company stock valued at $8,544,020.

CBLK has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered shares of Carbon Black from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $30.00 to $15.00 in a research note on Thursday, February 21st. KeyCorp dropped their target price on shares of Carbon Black from $25.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, February 21st. Zacks Investment Research upgraded shares of Carbon Black from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, February 21st. Robert W. Baird assumed coverage on shares of Carbon Black in a research report on Wednesday, April 3rd. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, ValuEngine downgraded shares of Carbon Black from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Carbon Black presently has an average rating of “Hold” and an average target price of $19.35.

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Carbon Black Company Profile

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.

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Institutional Ownership by Quarter for Carbon Black (NASDAQ:CBLK)

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