Insider Selling: Wendell Stephen Nye Unloads 50,000 Shares of Infoblox Stock (BLOX)
Infoblox (NASDAQ:BLOX) VP Wendell Stephen Nye sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $35.34, for a total transaction of $1,767,000.00. Following the sale, the vice president now directly owns 28,795 shares in the company, valued at approximately $1,017,615. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Infoblox (NASDAQ:BLOX) traded up 7.76% during mid-day trading on Friday, hitting $38.19. 1,565,086 shares of the company’s stock traded hands. Infoblox has a 52-week low of $18.36 and a 52-week 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 posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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.
BLOX has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $78.42.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.