Carbonite, Inc. (NASDAQ:CARB) registered a 11.01% increase, still its new closing price is 194.62% up from the company’s 1 year high of 19.63.It posted 14.33% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 0 stock analysts following this company have an average price target at $20.13, with individual PT in the $16.00-$22.50 range. The shares moved at $19.15, implying that brokerage firms see shares gaining about 118.11% in twelve months time.
Carbonite, Inc. (CARB) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 16.77% rise year to date. A Vice President;General Counsel at Carbonite, Inc. (CARB) offloaded shares in a transaction closed on Friday January 13, 2017. SHEER DANIELLE sold 105,530 shares in the company at $17.51 each and collected $1,847,001 in proceeds. SHEER DANIELLE now owns 90,937 shares in the company after this transaction. A SVP, Marketing in the company, Guadagno Norman, disclosed a transaction on Thursday January 12, 2017 that ended up generating $33,001 from the sale of 1,999 shares at $16.8 per share.
Carbonite, Inc. (NASDAQ:CARB) Upcoming Results on Tap
Carbonite, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.24 in that period. Sales during the quarter are predicted to arrive at $1.41 billion.
Carbonite, Inc. (CARB) Brokerage Update
Carbonite, Inc. (CARB) is in Northland Capital’s research list so their analyst rating change is noteworthy. These shares were downgraded to Market Perform from Outperform by Northland Capital, according to news reported on Wednesday December 03, 2014.Another important research note was issued by Oppenheimer on Tuesday February 11, 2014.The firm downgraded CARB to Perform from Outperform. Over the last six months and over the last three months, the shares of Carbonite, Inc. (CARB), have changed 44.64% and 12.32%, respectively.
