Insider Selling: Infoblox VP Unloads 50,000 Shares of Stock (BLOX)
Infoblox (NASDAQ:BLOX) VP Wendell Stephen Nye unloaded 50,000 shares of Infoblox stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $41.77, for a total transaction of $2,088,500.00. Following the transaction, the vice president now directly owns 1,020 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
BLOX has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus 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. 655,406 shares of the company’s stock traded hands. Infoblox has a 52-week low of $13.73 and a 52-week high of $42.03. The stock has a 50-day moving average of $33.80 and a 200-day moving average of $26.70. The company’s market cap is $2.226 billion.
Infoblox (NASDAQ:BLOX) last posted its quarterly earnings results on Thursday, September 5th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.01 earnings per share. Infoblox’s revenue was up 39.9% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.