As Carbonite Inc. (NASDAQ:CARB) Price Rose, Shareholder Portolan Capital Management Llc Upped Its Position by $11.62 Million

May 16, 2018 - By Mary Gaskins

Carbonite, Inc. (NASDAQ:CARB) Corporate LogoDuring Q4 2017 the big money sentiment is 1.08. That’s change of 2017Q3’s as. 17 investors sold all, 42 reduced holdings as CARB ratio has no change. 38 increased stakes while only 26 funds took stakes. Funds hold 24.93 million shares thus 1.89% more from 2017Q3’s 24.47 million shares. Aqr Mngmt Ltd Liability Company has 0% invested in Carbonite, Inc. (NASDAQ:CARB). Navellier And Assocs Inc has 0.06% invested in Carbonite, Inc. (NASDAQ:CARB). Scout Investments reported 0.11% in Carbonite, Inc. (NASDAQ:CARB). Parametric Portfolio Associates Limited Liability Company holds 0% or 82,370 shs. Ami Asset Mgmt, a California-based fund reported 515,500 shs. Timpani Capital Management Limited Liability reported 1.19% of its capital in Carbonite, Inc. (NASDAQ:CARB). The Massachusetts-based Arrowstreet Cap Ltd Partnership has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Granahan Investment Mngmt Ma stated it has 0.8% of its capital in Carbonite, Inc. (NASDAQ:CARB). Raymond James Services Inc stated it has 0.03% of its capital in Carbonite, Inc. (NASDAQ:CARB). Argent Cap Limited Liability Company owns 269,385 shs for 0.23% of their capital. Bnp Paribas Arbitrage Sa holds 5,229 shs or 0% of its capital. Crosslink Capital holds 371,911 shs. Susquehanna Gp Inc Llp reported 0% in Carbonite, Inc. (NASDAQ:CARB). Pacad Invest Limited has 0.02% invested in Carbonite, Inc. (NASDAQ:CARB). Wells Fargo And Company Mn invested in 0% or 37,935 shs.

CARB had 20 selling transactions and 0 insider buys since December 11, 2017. This’s net activity of $2.02 million. Mellinger Paul S. sold $26,900 worth of stock. Mohan Deepak also sold $46,269 worth of Carbonite, Inc. (NASDAQ:CARB) on Thursday, February 22. On Monday, March 19 the insider FOLGER ANTHONY sold $279,406. On Friday, February 2 $26,876 worth of stock was sold by Guadagno Norman. On Friday, February 2 2,482 shs were sold by SHEER DANIELLE, worth $58,823. HUDSON CASSANDRA had sold 9,410 shs worth $224,393.

Based on the latest 2018Q1 regulatory report from the SEC, Portolan Capital Management Llc increased its holdings in Carbonite Inc. (NASDAQ:CARB) by 43.12%. Carbonite Inc. (NASDAQ:CARB) stock Popped Up 15.56% while Portolan Capital Management Llc bought 415,102 shares. Portolan Capital Management Llc announced $39.68M position in Portolan Capital Management Llc for 2018Q1. Now it holds 1.38 million shares, compared to 962,569 last quarter. It decreased position by shares to shares, and cut its stake.

Portolan Capital Management Llc is a Massachusetts-based hedge fund that was founded by George Mccabe. It had more than $535.17 million assets under management in November, 2014. Taken from Portolan Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 4 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Carbonite, Inc. (NASDAQ:CARB) Ratings Coverage

Total analysts of 7 have positions in Carbonite Inc (NASDAQ:CARB) as follows: 6 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 86%. Since November 27, 2017 according to StockzIntelligence Inc Carbonite Inc has 9 analyst reports. On Tuesday, May 8 Oppenheimer maintained Carbonite, Inc. (NASDAQ:CARB) rating. Oppenheimer has “Outperform” rating and $35 target. On Tuesday, May 8 the firm has “Buy” rating given by FBR Capital. On Tuesday, May 8 the company was maintained by Craig Hallum. On Wednesday, February 14 Northland Capital maintained Carbonite, Inc. (NASDAQ:CARB) with “Hold” rating. The stock rating was maintained by JMP Securities with “Buy” on Monday, November 27. On Wednesday, December 13 the firm has “Buy” rating given by Rosenblatt. The company rating was maintained by JMP Securities on Friday, April 27.

Carbonite, Inc., together with its subsidiaries, provides cloud backup and restore solutions to small and medium sized businesses, and clients in the United States.The company has $991.82 million market cap. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving.Last it reported negative earnings. The company's solutions include Carbonite Computer Backup, which automatically back up files directly to the cloud and include various devices; and Carbonite Server Backup that provides cloud and hybrid backup for physical and virtual servers with advanced management capabilities comprising scheduling, retention, bandwidth and compression settings, and detailed monitoring and reporting through personalized server dashboard.

Carbonite, Inc. (NASDAQ:CARB) Institutional Investors Chart

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