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Raymond James increased their price target on shares of Nimble Storage (NASDAQ:NMBL) from $33.00 to $35.00 in a research note issued on Wednesday. Raymond James’ price target would indicate a potential upside of 21.57% from the company’s current price.

In other Nimble Storage news, CTO Umesh Maheshwari unloaded 32,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $28.72, for a total transaction of $919,040.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of other firms have also recently commented on NMBL. Analysts at Barclays raised their price target on shares of Nimble Storage from $28.00 to $30.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Nimble Storage from $35.00 to $36.00 in a research note on Wednesday. They now have a “strong-buy” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Nimble Storage has a consensus rating of “Buy” and a consensus price target of $39.19.

Shares of Nimble Storage (NASDAQ:NMBL) traded down 2.67% during mid-day trading on Wednesday, hitting $28.79. 2,825,184 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 $27.05 and its 200-day moving average is $32.33. The company’s market cap is $2.058 billion.

Nimble Storage (NASDAQ:NMBL) last released its earnings data on Tuesday, August 26th. The company reported ($0.15) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.01. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $50.54 million. During the same quarter in the prior year, the company posted ($0.51) earnings per share. The company’s quarterly revenue was up 86.9% 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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