Carbon Black (CBLK) Sees Unusually-High Trading Volume

Shares of Carbon Black Inc (NASDAQ:CBLK) saw unusually-high trading volume on Tuesday . Approximately 2,291,176 shares changed hands during trading, an increase of 183% from the previous session’s volume of 810,663 shares.The stock last traded at $16.34 and had previously closed at $15.49.

CBLK has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on Carbon Black from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Zacks Investment Research downgraded Carbon Black from a “buy” rating to a “sell” rating in a research report on Tuesday, November 20th. Raymond James raised Carbon Black from an “outperform” rating to a “strong-buy” rating and set a $14.77 target price for the company in a report on Tuesday, January 29th. KeyCorp lowered their target price on Carbon Black from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday. Finally, JPMorgan Chase & Co. cut Carbon Black from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $30.00 to $15.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Carbon Black presently has a consensus rating of “Buy” and an average price target of $20.54.

Carbon Black (NASDAQ:CBLK) last issued its earnings results on Wednesday, February 20th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.11. The firm had revenue of $56.90 million during the quarter, compared to analyst estimates of $55.59 million. The firm’s revenue was up 27.6% on a year-over-year basis. Sell-side analysts anticipate that Carbon Black Inc will post -1.48 EPS for the current fiscal year.

In other Carbon Black news, insider Michael Viscuso sold 50,000 shares of the company’s stock in a transaction dated Monday, December 17th. The stock was sold at an average price of $13.63, for a total value of $681,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 150,000 shares of company stock valued at $2,140,500.

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio increased its stake in shares of Carbon Black by 58.3% in the fourth quarter. Strs Ohio now owns 3,800 shares of the company’s stock valued at $50,000 after buying an additional 1,400 shares during the period. Quantum Capital Management increased its stake in shares of Carbon Black by 34.6% in the fourth quarter. Quantum Capital Management now owns 18,494 shares of the company’s stock valued at $248,000 after buying an additional 4,753 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Carbon Black in the third quarter valued at about $105,000. Alliancebernstein L.P. increased its stake in shares of Carbon Black by 18.5% in the third quarter. Alliancebernstein L.P. now owns 32,600 shares of the company’s stock valued at $690,000 after buying an additional 5,100 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Carbon Black by 341.9% in the fourth quarter. Citigroup Inc. now owns 10,092 shares of the company’s stock valued at $135,000 after buying an additional 7,808 shares during the period. 52.07% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2019/02/22/carbon-black-cblk-sees-unusually-high-trading-volume.html.

About Carbon Black (NASDAQ:CBLK)

Carbon Black, Inc provides security solutions in the United States and internationally. Its security cloud platform captures, records, and analyzes unfiltered endpoint data. The company's solutions enable customers to predict, prevent, detect, respond to and remediate cyber attacks before they cause a damaging incident or data breach.

Featured Story: How is net asset value different from market price?

Receive News & Ratings for Carbon Black Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carbon Black and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply