Insider Selling: Daniel Leary Sells 17,000 Shares of Nimble Storage Stock (NMBL)
Nimble Storage (NASDAQ:NMBL) VP Daniel Leary sold 17,000 shares of Nimble Storage stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $27.19, for a total value of $462,230.00. Following the completion of the transaction, the vice president now directly owns 102,159 shares in the company, valued at approximately $2,777,703. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on NMBL shares. 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.88.
Shares of Nimble Storage (NASDAQ:NMBL) traded down 0.82% on Friday, hitting $28.595. The stock had a trading volume of 109,994 shares. Nimble Storage has a 1-year low of $19.17 and a 1-year high of $58.00. The stock has a 50-day moving average of $26.98 and a 200-day moving average of $32.71. The company’s market cap is $2.044 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. On average, analysts predict that Nimble Storage will post $-0.58 earnings per share 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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