Insider Selling: Infoblox CEO Sells 60,023 Shares of Stock (BLOX)
Infoblox (NASDAQ:BLOX) CEO Robert Thomas unloaded 60,023 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $44.52, for a total value of $2,672,223.96. Following the completion of the transaction, the chief executive officer now directly owns 890,972 shares of the company’s stock. The transaction was disclosed in a document filed 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, 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $80.44.
Infoblox (NASDAQ:BLOX) traded up 0.64% during mid-day trading on Tuesday, hitting $42.15. The stock had a trading volume of 767,680 shares. Infoblox has a 1-year low of $13.73 and a 1-year high of $45.50. The stock’s 50-day moving average is $35.08 and its 200-day moving average is $27.34. The company’s market cap is $2.178 billion.
Infoblox (NASDAQ:BLOX) last posted its quarterly 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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