What’s Next for Carbonite Incorporated (NASDAQ:CARB) After Having Less Shares Shorted?

September 17, 2017 - By test

 What's Next for Carbonite Incorporated (NASDAQ:CARB) After Having Less Shares Shorted?

Investors sentiment decreased to 1.85 in Q4 2016. Its down 0.26, from 2.11 in 2016Q3. It worsened, 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.
Deutsche Commercial Bank Ag invested 0% of its portfolio in Carbonite Inc (NASDAQ:CARB). Argent Capital Mgmt Limited Company reported 0.08% in Carbonite Inc (NASDAQ:CARB). Moreover, Millrace Asset Grp Inc has 1.34% invested in Carbonite Inc (NASDAQ:CARB). Menta Capital Lc owns 71,857 shares for 0.1% of their portfolio. Creative Planning holds 0% or 1,200 shares. Trexquant Inv Limited Partnership has 41,435 shares. Federated Inc Pa, a Pennsylvania-based fund reported 79,620 shares. Susquehanna Interest Grp Limited Liability Partnership invested in 76,802 shares. Lyon Street holds 3.5% of its portfolio in Carbonite Inc (NASDAQ:CARB) for 417,960 shares. Legal & General Grp Pcl has invested 0% of its portfolio in Carbonite Inc (NASDAQ:CARB). Citadel Advsrs Limited Liability accumulated 25,829 shares. Peak6 Invs L P accumulated 11,738 shares. Blackrock Invest Mgmt Limited Liability Corp has 0% invested in Carbonite Inc (NASDAQ:CARB) for 73,413 shares. Blackrock Group Ltd holds 0% of its portfolio in Carbonite Inc (NASDAQ:CARB) for 10,419 shares. Jpmorgan Chase & Com invested 0% of its portfolio in Carbonite Inc (NASDAQ:CARB).

Since March 24, 2017, it had 0 buys, and 12 insider sales for $1.39 million activity. $119,013 worth of Carbonite Inc (NASDAQ:CARB) shares were sold by FOLGER ANTHONY. On Friday, April 28 the insider HUDSON CASSANDRA sold $47,583. The insider SHEER DANIELLE sold $5,737. 2,492 shares valued at $53,453 were sold by Guadagno Norman on Friday, May 5. Mellinger Paul S. sold $157,820 worth of Carbonite Inc (NASDAQ:CARB) 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 2.72M shares in September as published by FINRA. Its down 6.61% from 2.92 million 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. As per Friday, August 4, the company rating was maintained by Oppenheimer. The rating was initiated by B. Riley & Co on Friday, June 10 with “Buy”. Barclays Capital maintained Carbonite Inc (NASDAQ:CARB) rating on Friday, August 4. Barclays Capital has “Equal-Weight” rating and $27 target. The rating was downgraded by Zacks to “Sell” on Monday, September 21. The firm has “Outperform” rating by Oppenheimer given on Tuesday, October 11. The stock of Carbonite Inc (NASDAQ:CARB) has “Buy” rating given on Tuesday, February 28 by Lake Street.

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: “Firm Founders Have Moved On; Investors Should Also” on September 06, 2017. Seekingalpha.com‘s news article titled: “Carbonite Acquires Datacastle For Enterprise Endpoint Software” with publication date: August 22, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: