Insider Selling: Infoblox Director Sells 17,564 Shares of Stock (BLOX)
Infoblox (NASDAQ:BLOX) Director Michael Goguen unloaded 17,564 shares of Infoblox stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $40.11, for a total value of $704,492.04. 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $80.44.
Shares of Infoblox (NASDAQ:BLOX) traded up 2.34% on Tuesday, hitting $41.08. 831,947 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 $36.38 and its 200-day moving average is $28.06. The company’s market cap is $2.123 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. 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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