Infoblox Director Michael L. Goguen Unloads 17,564 Shares (BLOX)
Infoblox (NASDAQ:BLOX) Director Michael L. Goguen unloaded 17,564 shares of the company’s stock on the open market in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $21.86, for a total value of $383,949.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Infoblox (NASDAQ:BLOX) traded up 3.76% on Tuesday, hitting $23.48. 3,054,205 shares of the company’s stock traded hands. Infoblox has a one year low of $17.10 and a one year high of $48.97. The stock’s 50-day moving average is $30.88 and its 200-day moving average is $36.57. The company’s market cap is $1.244 billion.
A number of analysts have recently weighed in on BLOX shares. Analysts at Deutsche Bank initiated coverage on shares of Infoblox in a research note on Monday. They set a “buy” rating and a $25.00 price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of Infoblox from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. They now have a $27.00 price target on the stock, up previously from $19.19. Finally, analysts at Wedbush downgraded shares of Infoblox from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 11th. They now have a $25.00 price target on the stock, down previously from $36.00. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $63.45.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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