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Nimble Storage (NASDAQ:NMBL) major shareholder Ravi Mhatre sold 41,762 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $29.23, for a total value of $1,220,703.26. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Nimble Storage (NASDAQ:NMBL) traded down 6.43% on Tuesday, hitting $26.93. The stock had a trading volume of 1,353,855 shares. Nimble Storage has a 52-week low of $19.17 and a 52-week high of $58.00. The stock has a 50-day moving average of $27.57 and a 200-day moving average of $36.22. The company’s market cap is $1.925 billion.

Nimble Storage (NASDAQ:NMBL) last posted its quarterly 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.

Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target 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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