Today, the CEO & President of Carbonite Inc (CARB), Mohamad Ali, sold shares of CARB for $368K.
Following Mohamad Ali’s last CARB Sell transaction on February 17, 2016, the stock climbed by 18.5%. In addition to Mohamad Ali, 8 other CARB executives reported Sell trades in the last month.
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Based on Carbonite Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $77.68 million and quarterly net profit of $586K. In comparison, last year the company earned revenue of $61.64 million and had a GAAP net loss of $3.6 million. CARB’s market cap is $883.8M and the company has a P/E ratio of 163.87. Currently, Carbonite Inc has an average volume of 429.9K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $42.33, reflecting a 65.4% upside.
The insider sentiment on Carbonite Inc has been negative according to 102 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Carbonite, Inc. engages in the provision of cloud and hybrid backup solutions for consumers and small and medium sized businesses. It provides backup, disaster recovery, high availability and workload migration technologies. The company was founded by Jeffry Flowers and David Friend on February 10, 2005 and is headquartered in Boston, MA.
