Carbonite Inc (NASDAQ:CARB) price target raised to $41.00 by Barclays

ME Staff
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Analyst Ratings For Carbonite Inc (NASDAQ:CARB)

Today, Barclays raised its price target on Carbonite Inc (NASDAQ:CARB) to $41.00 per share.

There are 6 Buy Ratings, 1 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Carbonite Inc (NASDAQ:CARB) is Buy with a consensus target price of $34.8571 per share, a potential 5.28% downside.

Some recent analyst ratings include

  • 5/8/2018-Craig Hallum Reiterated Rating of Buy.
  • 5/6/2018-Rosenblatt Securities Reiterated Rating of Buy.
  • 4/29/2018-JMP Securities Upgrade from a “Outperform” rating to a “” rating.

Recent Insider Trading Activity For Carbonite Inc (NASDAQ:CARB)
Carbonite Inc (NASDAQ:CARB) has insider ownership of 9.80% and institutional ownership of 95.13%.

  • On 6/29/2018 Cassandra Hudson, Insider, sold 1,419 with an average share price of $34.55 per share and the total transaction amounting to $49,026.45.
  • On 6/12/2018 Cassandra Hudson, Insider, sold 599 with an average share price of $39.25 per share and the total transaction amounting to $23,510.75.
  • On 6/12/2018 Danielle Sheer, General Counsel, sold 325 with an average share price of $39.25 per share and the total transaction amounting to $12,756.25.
  • On 6/5/2018 Anthony Folger, CFO, sold 31,175 with an average share price of $38.23 per share and the total transaction amounting to $1,191,820.25.
  • On 5/31/2018 Anthony Folger, CFO, sold 8,531 with an average share price of $38.80 per share and the total transaction amounting to $331,002.80.
  • On 5/10/2018 Marina Levinson, Director, sold 4,352 with an average share price of $35.14 per share and the total transaction amounting to $152,929.28.
  • On 5/2/2018 Deepak Mohan, SVP, sold 3,397 with an average share price of $31.30 per share and the total transaction amounting to $106,326.10.

About Carbonite Inc (NASDAQ:CARB)
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. The company's solutions also comprise Carbonite Hybrid Backup, which protects a customer's data footprint on-premise and in the cloud and enables recovery while version history stored in the cloud safeguards against disaster; Carbonite Cloud Backup that automatically backs up data to the cloud and keeps physical and virtual systems protected with point-in-time restore; and Carbonite Onsite Backup, a flexible data protection solution, which backs up and replicates data securely across a customer's own private network. In addition, it offers Carbonite Availability that keeps critical business systems available on Windows and Linux servers; Carbonite Recover, a disaster recovery-as-a-service solution that securely replicates critical systems from a customer's primary environment to the cloud; Carbonite Migrate, which migrates physical, virtual, and cloud workloads to and from any environment with minimal risk and near-zero downtime; and Carbonite Email Archiving that provides MailStore offerings designed to meet the specific email archiving needs of customers in terms of performance, stability, functionality, and simplicity. The company provides its solutions through distributors, value-added resellers, managed service providers, and global systems integrators. Carbonite, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.

Recent Trading Activity for Carbonite Inc (NASDAQ:CARB)
Shares of Carbonite Inc closed the previous trading session at 37,00 −0,35 0,94 % with 451136 shares trading hands.