The EC of Carbonite Inc. (NASDAQ: CARB) is Selling Shares

By Carrie Williams

Today, the EC of Carbonite Inc. (NASDAQ: CARB), David Friend, sold shares of CARB for $5.13M.

In addition to David Friend, 6 other CARB executives reported Sell trades in the last month.

Based on Carbonite Inc.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $51.95 million and quarterly net profit of $107K. In comparison, last year the company earned revenue of $34.55 million and had a GAAP net loss of $5.97 million. The Company has a book value per share of 360.3262. The company has a one year high of $19.50 and a one year low of $6.50.

The insider sentiment on Carbonite Inc. has been negative according to 78 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Carbonite, Inc. provides cloud and hybrid backup solutions for consumers and small and medium sized businesses. It provides easy-to-use, affordable, unlimited, and secure online backup solutions with anytime, anywhere access to files stored on its servers, which is called the Carbonite Personal Cloud. Its backup solutions work in the background, automatically and continuously uploading encrypted copies of its customers files to the Carbonite Personal Cloud. The company’s customers can browse and share their photos, videos, and documents anytime, anywhere using a web browser or its free iPad, iPhone, BlackBerry, and Android applications. Carbonite HomePlus provides customers with additional backup and restore features and its HomePremier further includes automatic online backup for video files as well as a recovery-by-mail feature. Carbonite was founded by Jeffry Flowers and David Friend on February 10, 2005 and is headquartered in Boston, MA.