Nimble Storage CTO Umesh Maheshwari Sells 32,000 Shares (NMBL)
Nimble Storage (NASDAQ:NMBL) CTO Umesh Maheshwari sold 32,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $28.72, for a total value of $919,040.00. Following the sale, the chief technology officer now directly owns 4,879,078 shares in the company, valued at approximately $140,127,120. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Nimble Storage currently has an average rating of “Buy” and a consensus price target of $38.88.
Shares of Nimble Storage (NASDAQ:NMBL) traded down 0.89% during mid-day trading on Thursday, hitting $28.83. 529,446 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 $26.98 and its 200-day moving average is $32.71. The company’s market cap is $2.061 billion.
Nimble Storage (NASDAQ:NMBL) last announced its 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. 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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