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Nimble Storage (NASDAQ:NMBL) CFO Anup V. Singh sold 150,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $30.25, for a total value of $4,537,500.00. Following the transaction, the chief financial officer now directly owns 127,620 shares of the company’s stock, valued at approximately $3,860,505. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on NMBL shares. Analysts at Wunderlich initiated coverage on shares of Nimble Storage in a research note on Thursday, June 26th. 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 issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Nimble Storage presently has an average rating of “Buy” and an average price target of $39.07.

Shares of Nimble Storage (NASDAQ:NMBL) traded down 0.07% during mid-day trading on Thursday, hitting $29.61. The stock had a trading volume of 404,258 shares. Nimble Storage has a 1-year low of $19.17 and a 1-year high of $58.00. The stock’s 50-day moving average is $27.26 and its 200-day moving average is $36.36. The company’s market cap is $2.117 billion.

Nimble Storage (NASDAQ:NMBL) last released its 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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