Insider Selling: Infoblox Director Sells 17,564 Shares of Stock (BLOX)
Infoblox (NASDAQ:BLOX) Director Michael L. Goguen sold 17,564 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $20.53, for a total value of $360,588.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Infoblox (NASDAQ:BLOX) traded down 2.09% during mid-day trading on Wednesday, hitting $20.15. The stock had a trading volume of 793,816 shares. Infoblox has a 1-year low of $17.10 and a 1-year high of $48.97. The stock’s 50-day moving average is $19.16 and its 200-day moving average is $27.14. The company’s market cap is $1.086 billion.
A number of analysts have recently weighed in on BLOX shares. Analysts at DA Davidson cut their price target on shares of Infoblox from $24.00 to $21.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Infoblox in a research note on Tuesday, April 22nd. They now have a $30.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Infoblox from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 15th. They now have a $18.30 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.11.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.
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