Insider Selling: Daniel Leary Unloads 19,800 Shares of Nimble Storage Stock (NMBL)
Nimble Storage (NASDAQ:NMBL) VP Daniel Leary unloaded 19,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $30.07, for a total transaction of $595,386.00. Following the completion of the sale, the vice president now directly owns 102,519 shares of the company’s stock, valued at approximately $3,082,746. The sale was disclosed in a legal filing with the SEC, which is available at this link.
NMBL has been the subject of a number of recent research reports. Analysts at Morgan Stanley upgraded shares of Nimble Storage from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, June 18th. 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, June 16th. 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 given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.07.
Nimble Storage (NASDAQ:NMBL) traded up 0.17% on Wednesday, hitting $30.22. 837,338 shares of the company’s stock traded hands. 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 $26.04 and its 200-day moving average is $36.58. The company’s market cap is $2.160 billion.
Nimble Storage (NASDAQ:NMBL) last announced its earnings results on Thursday, May 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 110.4% on a year-over-year basis. On average, analysts predict that Nimble Storage will post $-0.59 earnings per share for the current fiscal year.
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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