Insider Selling: Infoblox CFO Sells 67,220 Shares of Stock (BLOX)
Infoblox (NASDAQ:BLOX) CFO Remo Canessa sold 67,220 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $42.33, for a total value of $2,845,422.60. Following the transaction, the chief financial officer now directly owns 371,345 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on BLOX. 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 analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Infoblox has an average rating of “Buy” and a consensus target price of $80.44.
Infoblox (NASDAQ:BLOX) traded down 0.57% on Thursday, hitting $42.00. 495,885 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 $35.90 and its 200-day moving average is $27.69. The company’s market cap is $2.170 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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