Nimble Storage Inc. (NYSE:NMBL) Director William John Schroeder purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were purchased at an average cost of $7.30 per share, for a total transaction of $36,500.00. Following the completion of the transaction, the director now owns 46,870 shares in the company, valued at approximately $342,151. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

William John Schroeder also recently made the following trade(s):

  • On Monday, September 19th, William John Schroeder purchased 2,500 shares of Nimble Storage stock. The shares were purchased at an average cost of $7.41 per share, for a total transaction of $18,525.00.
  • On Friday, June 24th, William John Schroeder purchased 10,000 shares of Nimble Storage stock. The shares were purchased at an average cost of $7.99 per share, for a total transaction of $79,900.00.
  • On Monday, June 27th, William John Schroeder purchased 27,500 shares of Nimble Storage stock. The shares were purchased at an average cost of $7.58 per share, for a total transaction of $208,450.00.

Nimble Storage Inc. (NYSE:NMBL) traded up 2.04% during midday trading on Wednesday, hitting $7.50. The stock had a trading volume of 1,568,964 shares. The stock has a 50-day moving average of $8.08 and a 200-day moving average of $7.79. Nimble Storage Inc. has a 52 week low of $5.64 and a 52 week high of $24.98. The firm’s market cap is $638.24 million.

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Nimble Storage (NYSE:NMBL) last released its quarterly earnings data 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. The firm had revenue of $97.10 million for the quarter, compared to analyst estimates of $94.71 million. Nimble Storage had a negative return on equity of 97.66% and a negative net margin of 40.53%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Analysts forecast that Nimble Storage Inc. will post ($0.72) EPS for the current fiscal year.

NMBL has been the topic of several analyst reports. Wells Fargo & Co. reaffirmed a “market perform” rating and issued a $9.50 target price (up from $7.50) on shares of Nimble Storage in a research report on Thursday, August 25th. Morgan Stanley increased their target price on Nimble Storage from $6.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of Nimble Storage in a research report on Thursday, August 25th. Summit Redstone reaffirmed a “buy” rating and issued a $14.00 target price (up from $12.00) on shares of Nimble Storage in a research report on Thursday, August 25th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Nimble Storage in a research report 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. The stock currently has an average rating of “Hold” and a consensus target price of $15.66.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Nimble Storage by 13.2% in the second quarter. Vanguard Group Inc. now owns 4,147,386 shares of the company’s stock valued at $33,013,000 after buying an additional 482,263 shares in the last quarter. Renaissance Technologies LLC raised its stake in Nimble Storage by 111.8% in the first quarter. Renaissance Technologies LLC now owns 2,849,300 shares of the company’s stock valued at $22,339,000 after buying an additional 1,504,300 shares in the last quarter. Polar Capital LLP raised its stake in Nimble Storage by 22.9% in the second quarter. Polar Capital LLP now owns 2,394,557 shares of the company’s stock valued at $19,050,000 after buying an additional 446,236 shares in the last quarter. Retirement Systems of Alabama raised its stake in Nimble Storage by 5.0% in the second quarter. Retirement Systems of Alabama now owns 1,590,000 shares of the company’s stock valued at $12,656,000 after buying an additional 75,000 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in Nimble Storage by 22.2% in the second quarter. BlackRock Fund Advisors now owns 1,509,365 shares of the company’s stock valued at $12,015,000 after buying an additional 274,094 shares in the last quarter. Hedge funds and other institutional investors own 61.88% of the company’s stock.

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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