Raymond James Financial Services Advisors Inc. bought a new stake in shares of Carbon Black Inc (NASDAQ:CBLK) in the first quarter, Holdings Channel reports. The firm bought 41,833 shares of the company’s stock, valued at approximately $584,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in CBLK. JPMorgan Chase & Co. boosted its stake in Carbon Black by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 188,441 shares of the company’s stock worth $3,992,000 after purchasing an additional 49,633 shares in the last quarter. Vanguard Group Inc. boosted its stake in Carbon Black by 1.5% in the third quarter. Vanguard Group Inc. now owns 604,628 shares of the company’s stock worth $12,806,000 after purchasing an additional 8,879 shares in the last quarter. Vanguard Group Inc boosted its stake in Carbon Black by 1.5% in the third quarter. Vanguard Group Inc now owns 604,628 shares of the company’s stock worth $12,806,000 after purchasing an additional 8,879 shares in the last quarter. Strs Ohio boosted its stake in Carbon Black by 58.3% in the fourth quarter. Strs Ohio now owns 3,800 shares of the company’s stock worth $50,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Rhumbline Advisers acquired a new position in Carbon Black in the fourth quarter worth $675,000. Institutional investors and hedge funds own 61.89% of the company’s stock.
CBLK has been the topic of a number of recent analyst reports. KeyCorp reduced their price objective on Carbon Black from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, February 21st. JPMorgan Chase & Co. lowered Carbon Black from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $30.00 to $15.00 in a research note on Thursday, February 21st. ValuEngine lowered Carbon Black from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Cowen initiated coverage on Carbon Black in a research note on Thursday, May 23rd. They issued a “market perform” rating and a $18.00 price objective on the stock. Finally, Zacks Investment Research raised Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, May 9th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Carbon Black presently has an average rating of “Hold” and an average price target of $19.35.
CBLK stock opened at $16.00 on Friday. The firm has a market cap of $1.14 billion and a PE ratio of -11.43. Carbon Black Inc has a twelve month low of $11.80 and a twelve month high of $35.00. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.08.
Carbon Black (NASDAQ:CBLK) last released its earnings results on Thursday, May 2nd. The company reported ($0.22) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.22). The company had revenue of $58.60 million during the quarter, compared to the consensus estimate of $57.10 million. Carbon Black had a negative return on equity of 38.71% and a negative net margin of 36.91%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.98) earnings per share. On average, equities research analysts predict that Carbon Black Inc will post -0.89 earnings per share for the current fiscal year.
In related news, insider Michael Viscuso sold 25,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $15.65, for a total value of $391,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick Morley sold 277,830 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $19.00, for a total value of $5,278,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 489,580 shares of company stock valued at $8,935,270.
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Carbon Black Profile
Carbon Black, Inc provides security solutions in the United States and internationally. Its solutions enable customers to predict, prevent, detect, respond to, and remediate cyber-attacks before they cause a damaging incident or data breach. The company offers CB Predictive Security Cloud, a big data and analytics platform, which provides endpoint data collection, streaming analytics, collective intelligence, and open application program interfaces, as well as a set of security services.
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