Does Carbonite Incorporated (NASDAQ:CARB) Have Gas After Even Less Sellers Involved?

September 17, 2017 - By Marguerite Chambers

 Does Carbonite Incorporated (NASDAQ:CARB) Have Gas After Even Less Sellers Involved?

Investors sentiment decreased to 1.85 in 2016 Q4. Its down 0.26, from 2.11 in 2016Q3. It is negative, as 14 investors sold Carbonite Inc shares while 34 reduced holdings. 41 funds opened positions while 48 raised stakes. 21.96 million shares or 13.46% more from 19.35 million shares in 2016Q3 were reported.
Sanctuary Wealth Advisors Ltd has invested 0.01% in Carbonite Inc (NASDAQ:CARB). Driehaus Limited Liability holds 93,238 shares or 0.05% of its portfolio. Dimensional Fund Lp reported 523,424 shares. Tudor Invest Et Al stated it has 16,158 shares or 0.01% of all its holdings. Blackrock Mgmt Lc holds 0% of its portfolio in Carbonite Inc (NASDAQ:CARB) for 73,413 shares. Acadian Asset Mngmt Lc has 0.03% invested in Carbonite Inc (NASDAQ:CARB) for 324,193 shares. Cannell Cap invested in 1.15% or 220,576 shares. Citigroup Inc holds 12,056 shares. Invesco has 17,818 shares for 0% of their portfolio. The California-based Schwab Charles Inv Mgmt Inc has invested 0% in Carbonite Inc (NASDAQ:CARB). Nokomis Cap Limited Liability holds 1.58% of its portfolio in Carbonite Inc (NASDAQ:CARB) for 444,108 shares. Lyon Street Limited Liability Company owns 417,960 shares for 3.5% of their portfolio. Renaissance Limited Liability Com invested in 2.00 million shares. Eam Limited Liability Corp reported 139,902 shares stake. Cap Advsr Lc has invested 0% in Carbonite Inc (NASDAQ:CARB).

Since March 24, 2017, it had 0 insider buys, and 12 selling transactions for $1.39 million activity. FOLGER ANTHONY also sold $119,013 worth of Carbonite Inc (NASDAQ:CARB) on Friday, March 24. SHEER DANIELLE also sold $5,737 worth of Carbonite Inc (NASDAQ:CARB) on Friday, May 26. 7,500 shares valued at $157,820 were sold by Mellinger Paul S. on Friday, May 5. 2,187 shares were sold by HUDSON CASSANDRA, worth $47,583 on Friday, April 28. Another trade for 2,492 shares valued at $53,453 was made by Guadagno Norman on Friday, May 5.

The stock of Carbonite Incorporated (NASDAQ:CARB) registered a decrease of 6.61% in short interest. CARB’s total short interest was 2.72 million shares in September as published by FINRA. Its down 6.61% from 2.92M shares, reported previously. With 344,900 shares average volume, it will take short sellers 8 days to cover their CARB’s short positions. The short interest to Carbonite Incorporated’s float is 11.94%.

The stock decreased 0.24% or $0.05 on September 15, reaching $20.5. About 380,637 shares traded. Carbonite Inc (NASDAQ:CARB) has risen 113.73% since September 17, 2016 and is uptrending. It has outperformed by 97.03% the S&P500.

Carbonite, Inc. provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service and e-mail archiving. The company has market cap of $569.88 million. The Company’s solutions provide enterprise-grade data protection and recovery capabilities to its customers. It has a 1473.76 P/E ratio. The Company’s small and medium-sized businesses (SMBs) plans include Carbonite Computer Backup; Carbonite Server Backup, such as Carbonite Office Power and Carbonite Office Ultimate; EVault Cloud Backup; DRaaS, and e-mail archiving.

Carbonite Inc (NASDAQ:CARB) Ratings Coverage

Among 6 analysts covering Carbonite (NASDAQ:CARB), 3 have Buy rating, 2 Sell and 1 Hold. Therefore 50% are positive. Carbonite had 8 analyst reports since September 21, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Sell” on Monday, September 21. The firm has “Outperform” rating given on Tuesday, October 11 by Oppenheimer. The rating was initiated by B. Riley & Co with “Buy” on Friday, June 10. The firm has “Buy” rating by Oppenheimer given on Friday, August 4. Lake Street maintained it with “Buy” rating and $23 target in Tuesday, February 28 report. The company was maintained on Friday, August 4 by Barclays Capital.

More recent Carbonite Inc (NASDAQ:CARB) news were published by: Globenewswire.com which released: “Carbonite Grabs Market Share in Strategic Referral Deal” on August 22, 2017. Also Seekingalpha.com published the news titled: “Carbonite Acquires Datacastle For Enterprise Endpoint Software” on August 22, 2017. Seekingalpha.com‘s news article titled: “Firm Founders Have Moved On; Investors Should Also” with publication date: September 06, 2017 was also an interesting one.

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