Share on StockTwits

Nimble Storage (NASDAQ:NMBL) VP Michael Munoz sold 20,000 shares of Nimble Storage stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the vice president now directly owns 501,682 shares of the company’s stock, valued at approximately $15,050,460. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of research firms have recently commented on NMBL. Analysts at Raymond James raised their price target on shares of Nimble Storage from $33.00 to $35.00 in a research note on Wednesday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $39.19.

Nimble Storage (NASDAQ:NMBL) traded down 1.99% during mid-day trading on Friday, hitting $27.04. The stock had a trading volume of 790,684 shares. Nimble Storage has a 52-week low of $19.17 and a 52-week high of $58.00. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $32.27. The company’s market cap is $1.933 billion.

Nimble Storage (NASDAQ:NMBL) last announced its earnings results on Tuesday, August 26th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.51) earnings per share. The company’s revenue for the quarter was up 86.9% on a year-over-year basis. On average, analysts predict that Nimble Storage will post $-0.59 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.

Receive News & Ratings for Nimble Storage Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nimble Storage Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.