Nimble Storage CTO Sells $853,440 in Stock (NMBL)
Nimble Storage (NASDAQ:NMBL) CTO Umesh Maheshwari sold 32,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $26.67, for a total transaction of $853,440.00. Following the sale, the chief technology officer now directly owns 4,903,078 shares in the company, valued at approximately $130,765,090. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Nimble Storage (NASDAQ:NMBL) traded up 2.62% on Thursday, hitting $27.85. 444,595 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 $27.29 and its 200-day moving average is $33.34. The company’s market cap is $1.991 billion. Nimble Storage also was the target of unusually large options trading on Wednesday. Stock investors acquired 534 call options on the company. This represents an increase of approximately 296% compared to the typical daily volume of 135 call options.
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 $-0.58 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. initiated coverage on shares of Nimble Storage in a research note on Friday, August 8th. They set an “outperform” rating and a $33.00 price target on the stock. Separately, 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, July 21st. Finally, analysts at Roth Capital initiated coverage on shares of Nimble Storage in a research note on Friday, July 18th. They set a “buy” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Nimble Storage has a consensus rating of “Buy” and a consensus target price of $38.88.
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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