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Infoblox (NASDAQ:BLOX) VP David Nicholas Gee sold 8,333 shares of Infoblox stock on the open market in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $34.55, for a total transaction of $287,905.15. Following the transaction, the vice president now directly owns 23,000 shares of the company’s stock, valued at approximately $794,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BLOX has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Infoblox from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 28th. They now have a $34.90 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Infoblox currently has an average rating of “Buy” and a consensus target price of $76.54.

Shares of Infoblox (NASDAQ:BLOX) traded down 0.39% during mid-day trading on Tuesday, hitting $32.97. 570,738 shares of the company’s stock traded hands. Infoblox has a one year low of $18.36 and a one year high of $48.97. The stock’s 50-day moving average is $34.4 and its 200-day moving average is $37.40. The company’s market cap is $1.746 billion.

Infoblox (NASDAQ:BLOX) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter 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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