Insider Selling: Daniel Phelps Sells 7,000 Shares of Infoblox Stock (BLOX)
Infoblox (NASDAQ:BLOX) Director Daniel Phelps sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $35.60, for a total transaction of $249,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on BLOX. Analysts at Citigroup Inc. initiated coverage on shares of Infoblox in a research note to investors on Tuesday, December 10th. They set a “neutral” rating and a $32.00 price target on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Infoblox from $45.00 to $43.00 in a research note to investors on Friday, November 29th. Finally, analysts at Wedbush cut their price target on shares of Infoblox from $44.00 to $41.00 in a research note to investors on Wednesday, November 27th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $78.42.
Infoblox (NASDAQ:BLOX) traded up 7.76% on Friday, hitting $38.19. 1,565,086 shares of the company’s stock traded hands. Infoblox has a 1-year low of $18.36 and a 1-year high of $48.97. The stock has a 50-day moving average of $33.20 and a 200-day moving average of $36.59. The company’s market cap is $2.023 billion.
Infoblox (NASDAQ:BLOX) last announced its earnings results on Tuesday, November 26th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.03. The company had revenue of $63.50 million for the quarter, compared to the consensus estimate of $63.50 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. On average, analysts predict that Infoblox will post $0.52 earnings per share for the current fiscal year.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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