Insider Selling: Carbon Black Inc (NASDAQ:CBLK) Insider Sells $2,841,151.42 in Stock

Carbon Black Inc (NASDAQ:CBLK) insider Thomas Neergaard Hansen sold 123,421 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $23.02, for a total transaction of $2,841,151.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Thomas Neergaard Hansen also recently made the following trade(s):

  • On Friday, August 9th, Thomas Neergaard Hansen sold 5,563 shares of Carbon Black stock. The shares were sold at an average price of $21.00, for a total transaction of $116,823.00.

NASDAQ:CBLK opened at $22.75 on Thursday. The company’s 50 day moving average price is $19.32 and its 200-day moving average price is $16.07. Carbon Black Inc has a 52 week low of $11.80 and a 52 week high of $26.11. 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 market cap of $1.67 billion, a price-to-earnings ratio of -16.25 and a beta of 1.28.

Carbon Black (NASDAQ:CBLK) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.20) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.04. Carbon Black had a negative net margin of 30.69% and a negative return on equity of 37.82%. The firm had revenue of $60.86 million for the quarter, compared to analysts’ expectations of $59.50 million. During the same quarter in the prior year, the company posted ($0.35) earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Carbon Black Inc will post -0.86 earnings per share for the current year.

A number of equities research analysts have recently commented on CBLK shares. ValuEngine upgraded shares of Carbon Black from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Cowen started coverage on shares of Carbon Black in a report on Thursday, May 23rd. They set a “market perform” rating and a $18.00 price target on the stock. Zacks Investment Research upgraded shares of Carbon Black from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday. Finally, KeyCorp increased their price target on shares of Carbon Black from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Carbon Black presently has a consensus rating of “Buy” and an average target price of $19.25.

A number of institutional investors have recently modified their holdings of CBLK. Victory Capital Management Inc. lifted its position in Carbon Black by 240.9% during the first quarter. Victory Capital Management Inc. now owns 3,941 shares of the company’s stock valued at $55,000 after purchasing an additional 2,785 shares during the period. Strs Ohio lifted its position in Carbon Black by 26.3% during the second quarter. Strs Ohio now owns 4,800 shares of the company’s stock valued at $80,000 after purchasing an additional 1,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Carbon Black during the second quarter valued at approximately $84,000. Quantamental Technologies LLC bought a new position in Carbon Black during the second quarter valued at approximately $111,000. Finally, BNP Paribas Arbitrage SA lifted its position in Carbon Black by 1,748.7% during the first quarter. BNP Paribas Arbitrage SA now owns 8,541 shares of the company’s stock valued at $119,000 after purchasing an additional 8,079 shares during the period. Institutional investors own 67.94% of the company’s stock.

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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Insider Buying and Selling by Quarter for Carbon Black (NASDAQ:CBLK)

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