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Nimble Storage (NASDAQ:NMBL) major shareholder Christopher J. Schaepe sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $30.05, for a total value of $601,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

A number of research firms have recently commented on NMBL. Analysts at Wunderlich initiated coverage on shares of Nimble Storage in a research note on Thursday. They set a “buy” rating and a $38.00 price target on the stock. Separately, 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. Finally, analysts at Macquarie upgraded shares of Nimble Storage from a “neutral” rating to an “outperform” rating in a research note on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Nimble Storage has an average rating of “Buy” and a consensus price target of $39.07.

Shares of Nimble Storage (NASDAQ:NMBL) traded down 1.49% during mid-day trading on Thursday, hitting $29.77. The stock had a trading volume of 1,287,691 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 $26.04 and its 200-day moving average is $36.58. The company’s market cap is $2.128 billion.

Nimble Storage (NASDAQ:NMBL) last issued its quarterly earnings data 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. Analysts expect that Nimble Storage will post $-0.59 EPS 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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