Carbonite Inc (CARB) Files Form 4 Insider Selling : David Raissipour Sells 4,500 Shares

Carbonite Inc (CARB): David Raissipour , SVP of Product and Engineering of Carbonite Inc sold 4,500 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $9.61 per share for a total value of $43,245.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 8, 2016, Anthony Folger (Chief Financial Officer) sold 8,181 shares at $9.79 per share price.On May 31, 2016, Danielle Sheer (Vice President;General Counsel) sold 207 shares at $9.10 per share price.Also, On May 20, 2016, David Raissipour (SVP of Product and Engineering) sold 3,064 shares at $8.91 per share price.On Apr 26, 2016, Cassandra Hudson (Chief Accounting Officer) sold 1,148 shares at $7.83 per share price.

Carbonite Inc: On Friday, Jun 10, 2016 heightened volatility was witnessed in Carbonite Inc which led to swings in the share price. The shares opened for trading at $9.6 and hit $9.77 on the upside , eventually ending the session at $9.56, with a gain of 2.03% or 0.19 points. The heightened volatility saw the trading volume jump to 2,19,218 shares. The 52-week high of the share price is $12.26 and the company has a market cap of $258 M . The 52-week low of the share price is at $6.5.

Carbonite Inc Money Flow Index Chart

Carbonite Inc. (Carbonite) provides cloud and hybrid backup solutions. The Company’s solutions are designed to address the specific needs of small and medium sized businesses (SMBs) and individuals. The Company’s suite of solutions includes Carbonite Personal which include unlimited cloud backup for one computer at three different service levels for individuals; Carbonite Pro the Company’s small business workstation solutions automatically back up files to the cloud and include an unlimited number of devices for an annual flat fee based on the amount of storage needed and Carbonite Server Backup the Company’s hybrid server backup solution that protects an unlimited number of servers databases and live applications and offers management capabilities. As of December 31 2014 the Company had subscribers in over 100 countries with subscribers based in the United States representing approximately 94% of its total revenue.

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