Insider Selling: Christopher Andrews Sells 60,000 Shares of Infoblox Stock (BLOX)
Infoblox (NASDAQ:BLOX) EVP Christopher Andrews sold 60,000 shares of the stock on the open market in a transaction dated Thursday, September 12th. The stock was sold at an average price of $44.33, for a total value of $2,659,800.00. Following the transaction, the executive vice president now directly owns 122,708 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $80.44.
Infoblox (NASDAQ:BLOX) traded down 0.74% during mid-day trading on Friday, hitting $44.49. 529,659 shares of the company’s stock traded hands. Infoblox has a 52-week low of $13.73 and a 52-week high of $45.50. The stock has a 50-day moving average of $34.48 and a 200-day moving average of $26.94. The company’s market cap is $2.299 billion.
Infoblox (NASDAQ:BLOX) last announced its earnings results 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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