Insider Selling: Infoblox VP Sells 4,600 Shares of Stock (BLOX)
Infoblox (NASDAQ:BLOX) VP Sohail Parekh sold 4,600 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $43.48, for a total transaction of $200,008.00. Following the sale, the vice president now directly owns 30,000 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Infoblox has a consensus rating of “Buy” and a consensus price target of $80.44.
Shares of 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’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 issued its quarterly earnings data on Thursday, September 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the 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. 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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