Infoblox CFO Sells $1,191,710 in Stock (BLOX)
Infoblox (NASDAQ:BLOX) CFO Remo Canessa sold 26,780 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $44.50, for a total transaction of $1,191,710.00. Following the sale, the chief financial officer now directly owns 371,345 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on BLOX shares. 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, September 9th. 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. Infoblox currently has a consensus rating of “Buy” and a consensus target price of $80.44.
Infoblox (NASDAQ:BLOX) traded up 0.64% during mid-day trading on Tuesday, hitting $42.15. 767,680 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 $35.08 and a 200-day moving average of $27.34. The company’s market cap is $2.178 billion.
Infoblox (NASDAQ:BLOX) last issued its quarterly 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. Analysts expect that Infoblox will post $0.53 EPS for the current fiscal year.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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