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Nimble Storage (NASDAQ:NMBL) VP Michael Munoz sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the transaction, the vice president now directly owns 501,682 shares in the company, valued at approximately $15,050,460. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Nimble Storage (NASDAQ:NMBL) traded down 2.80% on Thursday, hitting $29.84. The stock had a trading volume of 2,158,572 shares. Nimble Storage has a 52 week low of $19.17 and a 52 week high of $58.00. The stock’s 50-day moving average is $25.27 and its 200-day moving average is $36.78. The company’s market cap is $2.133 billion.

Nimble Storage (NASDAQ:NMBL) last announced its earnings results on Thursday, May 29th. The company reported ($0.14) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.02. The company had revenue of $46.50 million for the quarter, compared to the consensus estimate of $43.70 million. Nimble Storage’s revenue was up 110.4% compared to the same quarter last year. On average, analysts predict that Nimble Storage will post $-0.59 earnings per share for the current fiscal year.

A number of research firms have recently commented on NMBL. Analysts at Morgan Stanley upgraded shares of Nimble Storage from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. They now have a $38.00 price target on the stock. Separately, analysts at Macquarie upgraded shares of Nimble Storage from a “neutral” rating to an “outperform” rating in a research note on Monday. Finally, analysts at Raymond James upgraded shares of Nimble Storage from a “market perform” rating to a “strong-buy” rating in a research note on Friday, June 13th. They now have a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Nimble Storage presently has an average rating of “Buy” and an average target price of $39.07.

Nimble Storage, Inc provides its customers with data storage platform. The Company focuses on research and development of its technology platform, developing new products and enhancing its cloud-based management services.

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