Insider Buying: Nimble Storage Inc. (NMBL) Director Purchases 2,500 Shares of Stock
Nimble Storage Inc. (NYSE:NMBL) Director William John Schroeder acquired 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The stock was purchased at an average price of $7.41 per share, with a total value of $18,525.00. Following the completion of the acquisition, the director now owns 46,870 shares in the company, valued at $347,306.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
William John Schroeder also recently made the following trade(s):
- On Wednesday, September 21st, William John Schroeder acquired 5,000 shares of Nimble Storage stock. The stock was purchased at an average price of $7.30 per share, with a total value of $36,500.00.
- On Friday, June 24th, William John Schroeder acquired 10,000 shares of Nimble Storage stock. The stock was purchased at an average price of $7.99 per share, with a total value of $79,900.00.
- On Monday, June 27th, William John Schroeder acquired 27,500 shares of Nimble Storage stock. The stock was purchased at an average price of $7.58 per share, with a total value of $208,450.00.
Nimble Storage Inc. (NYSE:NMBL) traded up 2.04% during mid-day trading on Wednesday, reaching $7.50. 1,568,964 shares of the company were exchanged. The company’s market capitalization is $638.24 million. Nimble Storage Inc. has a 1-year low of $5.64 and a 1-year high of $24.98. The company has a 50 day moving average of $8.08 and a 200-day moving average of $7.79.
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Nimble Storage (NYSE:NMBL) last announced its earnings results on Tuesday, August 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.01. Nimble Storage had a negative return on equity of 97.66% and a negative net margin of 40.53%. The firm earned $97.10 million during the quarter, compared to analyst estimates of $94.71 million. During the same period last year, the firm posted ($0.10) EPS. The business’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts forecast that Nimble Storage Inc. will post ($0.72) EPS for the current year.
Several large investors have recently made changes to their positions in NMBL. Quantum Capital Management acquired a new stake in shares of Nimble Storage during the first quarter valued at about $105,000. TFS Capital LLC acquired a new stake in shares of Nimble Storage during the second quarter valued at about $105,000. BlackRock Group LTD raised its stake in shares of Nimble Storage by 53.7% in the first quarter. BlackRock Group LTD now owns 13,811 shares of the company’s stock valued at $109,000 after buying an additional 4,828 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of Nimble Storage during the second quarter valued at about $117,000. Finally, CIBC World Markets Inc. acquired a new stake in shares of Nimble Storage during the first quarter valued at about $119,000. 61.88% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on NMBL shares. BMO Capital Markets boosted their price objective on shares of Nimble Storage from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 24th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price on shares of Nimble Storage in a research note on Thursday, May 26th. Summit Redstone reiterated a “buy” rating on shares of Nimble Storage in a research note on Sunday, June 26th. Jefferies Group reiterated a “buy” rating on shares of Nimble Storage in a research note on Wednesday, May 25th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $10.00 target price (up from $9.00) on shares of Nimble Storage in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Nimble Storage presently has an average rating of “Hold” and an average price target of $15.66.
About Nimble Storage
Nimble Storage, Inc (Nimble Storage) engineers and delivers its customers with flash storage platform. The Company’s Predictive Flash platform consists of a Unified Flash Fabric that provides a single consolidation architecture with common data services across a portfolio of All Flash and Adaptive Flash arrays, and InfoSight predictive analytics with integrated support and service offerings.
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