Pendal Group Ltd Purchases 4,737,944 Shares of Carbon Black Inc (NASDAQ:CBLK)
Pendal Group Ltd boosted its stake in Carbon Black Inc (NASDAQ:CBLK) by 4,720.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,838,310 shares of the company’s stock after purchasing an additional 4,737,944 shares during the period. Pendal Group Ltd owned about 0.07% of Carbon Black worth $71,358,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Northern Trust Corp grew its stake in Carbon Black by 322.6% in the 4th quarter. Northern Trust Corp now owns 395,133 shares of the company’s stock valued at $5,303,000 after buying an additional 301,629 shares during the last quarter. Geode Capital Management LLC grew its stake in Carbon Black by 78.0% in the 4th quarter. Geode Capital Management LLC now owns 248,041 shares of the company’s stock valued at $3,328,000 after buying an additional 108,697 shares during the last quarter. Bank of America Corp DE grew its stake in Carbon Black by 227.6% in the 4th quarter. Bank of America Corp DE now owns 74,145 shares of the company’s stock valued at $995,000 after buying an additional 51,512 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Carbon Black in the 4th quarter valued at about $232,000. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Carbon Black in the 4th quarter valued at about $170,000. 67.95% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Patrick Morley sold 79,380 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $19.00, for a total transaction of $1,508,220.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan James Polk sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $19.00, for a total transaction of $266,000.00. The disclosure for this sale can be found here. Insiders sold a total of 138,580 shares of company stock valued at $2,531,770 in the last three months. Insiders own 21.60% of the company’s stock.
Carbon Black (NASDAQ:CBLK) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.04. The firm had revenue of $60.86 million during the quarter, compared to the consensus estimate of $59.50 million. Carbon Black had a negative net margin of 30.69% and a negative return on equity of 37.82%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.35) EPS. As a group, research analysts anticipate that Carbon Black Inc will post -0.86 earnings per share for the current fiscal year.
A number of brokerages recently commented on CBLK. ValuEngine upgraded shares of Carbon Black from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. KeyCorp upped their price target on shares of Carbon Black from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Carbon Black from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, August 7th. Finally, Cowen began coverage on shares of Carbon Black in a report on Thursday, May 23rd. They issued a “market perform” rating and a $18.00 price objective for the company. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $18.54.
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.
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