In a newly-amended 13D filing with the US Securities and Exchange Commission Seymour Sy Kaufman And Michael Stark’s Crosslink Capital disclosed holding 1.88 million shares of Carbonite Inc (NASDAQ:CARB), which amass 6.9% of the company’s outstanding stock. This indicates a decrease in the stake, as the fund previously held 2.09 million shares, as per its last 13F filing (for the reporting period ended June 30).
Carbonite is a company that provides professional online backup services, answering the special requirements of both big and small companies and individuals. Year-to-date, the company’s stock is up by 44.8%. In its last financial report for the second quarter of 2016, Carbonite disclosed non-GAAP earnings per share of $0.19, topping the analysts’ estimates of EPS of $0.03, and revenue of $53.44 million, also beating the estimates of $44.19 million.
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Out of the 749 hedge funds that we tracked, which filed their 13Fs for the June quarter, 23 investors were bullish on Carbonite (NASDAQ:CARB), up from 16 in the previous quarter. Some of the investors long the stock included Jim Simons’ Renaissance Technologies, which held a position valued at $13.85 million, Chuck Royce’s Royce & Associates with a position worth around $1.93 million, Dmitry Balyasny’s Balyasny Asset Management, Gavin Saitowitz And Cisco J. Del Valle’s Springbok Capital, and Brett Hendrickson’s Nokomis Capital.
Among investors who initiated new positions in Carbonite (NASDAQ:CARB) during the quarter were Josh Goldberg’s G2 Investment Partners Management, which acquired a position worth around $2.47 million, Mark Coe’s Coe Capital Management, which had $710,563 invested in the company, Richard Driehaus’s Driehaus Capital,Charles Paquelet’s Skylands Capital, and Mike Vranos’ Ellington.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Crosslink Capital, Inc | 0 | 1,877,905 | 0 | 1,877,905 | 1,877,905 | 6.9% |
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Page 1 of 6 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Carbonite, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
141337105
(CUSIP Number)
Ellyn Roberts, Esq.
Shartsis Friese LLP
One Maritime Plaza, 18th Floor
San Francisco, CA 94111
Telephone: (415) 421-6500
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
September 8, 2016
(Date of Event Which Requires Filing of this
Statement)
If the filing person has previously filed a statement
on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections
240.13d-1(e), 240.13d-1(f) or 140.13d-1(g), check the following box. [ ]
Note: Schedules filed in paper format shall include
a signed original and five copies of the schedule, including all exhibits. See section 240.13d-7 for other parties to whom copies
are to be sent.
* The remainder of this cover page shall be filled out
for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover
page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Potential persons who are to respond to the collection
of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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