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.
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.
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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.
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