Carbonite Inc (NASDAQ:CARB) Director Todd Krasnow sold 6,218 shares of Carbonite stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $27.91, for a total transaction of $173,544.38. Following the completion of the transaction, the director now owns 220,623 shares in the company, valued at approximately $6,157,587.93. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Todd Krasnow also recently made the following trade(s):
- On Tuesday, November 6th, Todd Krasnow sold 6,500 shares of Carbonite stock. The stock was sold at an average price of $29.39, for a total transaction of $191,035.00.
Shares of CARB stock traded down $0.31 during mid-day trading on Friday, reaching $27.67. The stock had a trading volume of 398,278 shares, compared to its average volume of 597,196. Carbonite Inc has a 52-week low of $20.50 and a 52-week high of $43.63. The stock has a market capitalization of $924.08 million, a price-to-earnings ratio of 55.34, a PEG ratio of 1.18 and a beta of 0.69.
A number of brokerages recently commented on CARB. BidaskClub upgraded shares of Carbonite from a “hold” rating to a “buy” rating in a research report on Saturday, September 8th. Oppenheimer boosted their price objective on shares of Carbonite from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, September 5th. Stifel Nicolaus began coverage on shares of Carbonite in a research report on Monday, August 20th. They issued a “buy” rating and a $44.00 price objective on the stock. Barclays boosted their price objective on shares of Carbonite from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research cut shares of Carbonite from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 25th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $38.58.
Institutional investors and hedge funds have recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new stake in shares of Carbonite during the 2nd quarter valued at about $221,000. Jane Street Group LLC boosted its stake in shares of Carbonite by 222.3% during the 3rd quarter. Jane Street Group LLC now owns 6,665 shares of the technology company’s stock valued at $238,000 after purchasing an additional 12,116 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Carbonite during the 3rd quarter valued at about $267,000. Raymond James & Associates bought a new stake in shares of Carbonite during the 2nd quarter valued at about $267,000. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Carbonite during the 3rd quarter valued at about $285,000. 83.93% of the stock is currently owned by hedge funds and other institutional investors.
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Carbonite Company Profile
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.
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