Insider Selling: Infoblox Director Sells 5,000 Shares of Stock (BLOX)
Infoblox (NASDAQ:BLOX) Director Fred Gerson unloaded 5,000 shares of Infoblox stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $41.15, for a total transaction of $205,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Infoblox (NASDAQ:BLOX) from $32.00 to $45.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Infoblox (NASDAQ:BLOX) from $35.00 to $44.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Infoblox (NASDAQ:BLOX) from $35.00 to $42.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock.
Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $80.44.
Shares of Infoblox (NASDAQ:BLOX) traded up 2.77% on Wednesday, hitting $43.09. The stock had a trading volume of 655,406 shares. Infoblox has a one year low of $13.73 and a one year high of $42.03. The stock’s 50-day moving average is $33.80 and its 200-day moving average is $26.70. The company’s market cap is $2.226 billion.
Infoblox (NASDAQ:BLOX) last released its earnings data on Thursday, September 5th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.05. The company had revenue of $63.10 million for the quarter, compared to the consensus estimate of $59.22 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 39.9% on a year-over-year basis. On average, analysts predict that Infoblox will post $0.53 earnings per share for the current fiscal year.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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