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

May 16, 2018 - By Mary Kidd

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 is flat. 38 rose stakes while only 26 funds bought stakes. Funds hold 24.93 million shares thus 1.89% more from 2017Q3’s 24.47 million shares. Arrowstreet Partnership reported 0% stake. Oppenheimer stated it has 0.01% in Carbonite, Inc. (NASDAQ:CARB). California Public Employees Retirement accumulated 84,650 shs or 0% of the stock. Hanseatic Mngmt Services Incorporated owns 50 shs. Redwood Investments Limited Co, a Massachusetts-based fund reported 753,683 shs. Timessquare Cap Limited Liability Corp holds 0.11% in Carbonite, Inc. (NASDAQ:CARB) or 683,900 shs. The California-based California State Teachers Retirement Systems has invested 0% in Carbonite, Inc. (NASDAQ:CARB). Royal Comml Bank Of Canada reported 238,631 shs. 10,833 were accumulated by Voya Investment Management Ltd. 65,844 were reported by Jefferies Grp Ltd Liability. Moors & Cabot Inc holds 8,500 shs or 0.03% of its capital. Moreover, Bainco Invsts has 0.03% invested in Carbonite, Inc. (NASDAQ:CARB). Aqr Cap Mgmt Ltd Company holds 20,022 shs or 0% of its capital. Gsa Prtn Llp holds 0.04% or 24,408 shs in its capital. Wells Fargo And Comm Mn owns 37,935 shs for 0% of their capital.

CARB registered $2.02 million net activity with 0 insider buys and 20 selling transactions since December 11, 2017. 3,374 Carbonite, Inc. (NASDAQ:CARB) shs with value of $95,147 were sold by Mohan Deepak. On Friday, January 5 Shares for $50,052 were sold by Mellinger Paul S.. 9,119 shs were sold by FOLGER ANTHONY, worth $279,406. Guadagno Norman sold $39,527 worth of Carbonite, Inc. (NASDAQ:CARB) or 1,273 shs on Friday, April 27. Shares for $36,235 were sold by SHEER DANIELLE. On Monday, December 11 KRASNOW TODD also sold $231,600 worth of Carbonite, Inc. (NASDAQ:CARB).

In Carbonite Inc. (NASDAQ:CARB) was increased the holdings owned by Portolan Capital Management Llc. The rise is 43.12% according to 2018Q1 Securities and Exchange form. Carbonite Inc. (NASDAQ:CARB) rose 15.56% while stock markets declined as Portolan Capital Management Llc bought 415,102 shares. Portolan Capital Management Llc’s position was priced at $39.68M for 1.38M shares. It’s up from 962,569 last quarter. Portolan Capital Management Llc cut its stake in and reduced position by shares for a total of shares.

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 the rating was maintained by Craig Hallum with “Buy”. On Monday, November 27 the firm has “Buy” rating given by JMP Securities. On Tuesday, May 8 the rating was maintained by FBR Capital with “Buy”. On Friday, April 27 the rating was maintained by JMP Securities with “Market Outperform”. On Wednesday, December 13 Rosenblatt maintained Carbonite, Inc. (NASDAQ:CARB) with “Buy” rating. On Wednesday, February 14 the firm has “Hold” rating by Northland Capital given. On Tuesday, May 8 the stock of Carbonite, Inc. (NASDAQ:CARB) has “Outperform” rating given by Oppenheimer.

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 firm is valued at $991.82 million. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service , and email archiving.Currently it has 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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