Insider Selling: David Nicholas Gee Sells 8,333 Shares of Infoblox Stock (BLOX)
Infoblox (NASDAQ:BLOX) VP David Nicholas Gee unloaded 8,333 shares of Infoblox stock on the open market in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $41.64, for a total value of $346,986.12. Following the completion of the transaction, the vice president now directly owns 23,000 shares in the company, valued at approximately $957,720. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Infoblox (NASDAQ:BLOX) traded up 3.01% during mid-day trading on Friday, hitting $41.74. 438,862 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 has a 50-day moving average of $38.55 and a 200-day moving average of $29.22. The company’s market cap is $2.160 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.
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 given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $80.44.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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