Infoblox CEO Robert Thomas Sells 93,793 Shares (BLOX)
Infoblox (NASDAQ:BLOX) CEO Robert Thomas unloaded 93,793 shares of the company’s stock on the open market in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.27, for a total transaction of $3,964,630.11. Following the completion of the sale, the chief executive officer now directly owns 890,972 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.44.
Shares of Infoblox (NASDAQ:BLOX) traded down 0.57% during mid-day trading on Thursday, hitting $42.00. The stock had a trading volume of 495,885 shares. 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 $35.90 and a 200-day moving average of $27.69. The company’s market cap is $2.170 billion.
Infoblox (NASDAQ:BLOX) last issued its quarterly earnings data 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. 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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