Infoblox VP Sells $1,167,878 in Stock (BLOX)
Infoblox (NASDAQ:BLOX) VP Sohail Parekh unloaded 27,800 shares of Infoblox stock on the open market in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $42.01, for a total transaction of $1,167,878.00. Following the completion of the transaction, the vice president now directly owns 30,000 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $80.44.
Shares of Infoblox (NASDAQ:BLOX) traded down 2.86% during mid-day trading on Friday, hitting $40.80. The stock had a trading volume of 1,018,604 shares. 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 $2.108 billion.
Infoblox (NASDAQ:BLOX) last announced its earnings results 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 in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter 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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