Nimble Storage CFO Sells $52,471 in Stock (NMBL)
Nimble Storage (NASDAQ:NMBL) CFO Anup V. Singh unloaded 1,730 shares of Nimble Storage stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $30.33, for a total value of $52,470.90. Following the completion of the sale, the chief financial officer now directly owns 125,890 shares in the company, valued at approximately $3,818,244. The transaction was disclosed in a document filed 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 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 research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Nimble Storage has an average rating of “Buy” and an average price target of $39.19.
Nimble Storage (NASDAQ:NMBL) traded down 1.99% on Friday, hitting $27.04. 790,684 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 $27.13 and its 200-day moving average is $32.27. The company’s market cap is $1.933 billion.
Nimble Storage (NASDAQ:NMBL) last released its earnings data on Tuesday, August 26th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters 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. 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.
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