California Public Employees Retirement System Buys Shares of 101,000 Carbon Black Inc (NASDAQ:CBLK)
California Public Employees Retirement System bought a new stake in shares of Carbon Black Inc (NASDAQ:CBLK) during the 1st quarter, HoldingsChannel.com reports. The fund bought 101,000 shares of the company’s stock, valued at approximately $1,409,000.
Several other hedge funds have also added to or reduced their stakes in CBLK. Massachusetts Institute of Technology bought a new stake in Carbon Black in the 4th quarter worth $355,000. Hershey Trust Co. grew its holdings in Carbon Black by 81.5% in the 1st quarter. Hershey Trust Co. now owns 39,689 shares of the company’s stock worth $554,000 after acquiring an additional 17,816 shares during the last quarter. HarbourVest Partners LLC bought a new stake in Carbon Black in the 4th quarter worth $2,992,000. Geode Capital Management LLC grew its holdings in Carbon Black by 78.0% in the 4th quarter. Geode Capital Management LLC now owns 248,041 shares of the company’s stock worth $3,328,000 after acquiring an additional 108,697 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Carbon Black by 1,490.5% in the 4th quarter. Bank of New York Mellon Corp now owns 428,159 shares of the company’s stock worth $5,746,000 after acquiring an additional 401,240 shares during the last quarter. 61.89% of the stock is currently owned by institutional investors.
In other news, Director Ronald H. Nordin sold 86,750 shares of the firm’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 $1,648,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Viscuso sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $15.65, for a total transaction of $391,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 489,580 shares of company stock valued at $8,935,270.
Carbon Black (NASDAQ:CBLK) last posted its earnings results on Thursday, May 2nd. The company reported ($0.22) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.22). Carbon Black had a negative net margin of 36.91% and a negative return on equity of 38.71%. The firm had revenue of $58.60 million during the quarter, compared to analysts’ expectations of $57.10 million. During the same period last year, the company posted ($0.98) EPS. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. As a group, analysts anticipate that Carbon Black Inc will post -0.89 EPS for the current fiscal year.
CBLK has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Thursday, May 9th. ValuEngine lowered shares of Carbon Black from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Cowen initiated coverage on shares of Carbon Black in a report on Thursday, May 23rd. They issued a “market perform” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Carbon Black from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $15.00 in a report on Thursday, February 21st. Finally, Robert W. Baird initiated coverage on shares of Carbon Black in a report on Wednesday, April 3rd. They issued an “outperform” rating and a $20.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Carbon Black currently has an average rating of “Hold” and an average target price of $19.35.
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.
Featured Article: Recession
Want to see what other hedge funds are holding CBLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carbon Black Inc (NASDAQ:CBLK).
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.