Insider Selling: Daniel Leary Unloads 17,000 Shares of Nimble Storage Stock (NMBL)
Nimble Storage (NASDAQ:NMBL) VP Daniel Leary unloaded 17,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $24.71, for a total value of $420,070.00. Following the completion of the sale, the vice president now directly owns 102,519 shares in the company, valued at approximately $2,533,244. The sale was disclosed in a document filed with the SEC, which is available at this link.
Nimble Storage (NASDAQ:NMBL) traded up 8.25% during mid-day trading on Tuesday, hitting $28.33. 1,223,919 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 has a 50-day moving average of $27.39 and a 200-day moving average of $35.17. The company’s market cap is $2.025 billion.
Nimble Storage (NASDAQ:NMBL) last posted its quarterly 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. Analysts expect that Nimble Storage will post $-0.59 EPS for the current fiscal year.
NMBL has been the subject of a number of recent research reports. Analysts at Pacific Crest raised their price target on shares of Nimble Storage from $42.00 to $44.00 in a research note on Monday. Separately, analysts at Roth Capital initiated coverage on shares of Nimble Storage in a research note on Friday. They set a “buy” rating and a $40.00 price target on the stock. Finally, 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. One investment 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’s stock. The stock has an average rating of “Buy” and a consensus price target of $39.27.
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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