Insider Selling: Nimble Storage VP Unloads 17,000 Shares of Stock (NMBL)
Nimble Storage (NASDAQ:NMBL) VP Daniel Leary sold 17,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $27.19, for a total value of $462,230.00. Following the sale, the vice president now directly owns 102,159 shares in the company, valued at approximately $2,777,703. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NMBL has been the subject of a number of recent research reports. 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 issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $38.88.
Shares of Nimble Storage (NASDAQ:NMBL) traded up 0.80% on Wednesday, hitting $29.09. 610,604 shares of the company’s stock traded hands. Nimble Storage has a one year low of $19.17 and a one year high of $58.00. The stock’s 50-day moving average is $27.04 and its 200-day moving average is $32.76. The company’s market cap is $2.079 billion.
Nimble Storage (NASDAQ:NMBL) last released its earnings data 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. Analysts expect that Nimble Storage will post $-0.58 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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