Nimble Storage Inc. (NYSE:NMBL) Director Ping Li sold 23,000 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $8.62, for a total value of $198,260.00. Following the completion of the transaction, the director now directly owns 35,676 shares of the company’s stock, valued at approximately $307,527.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Ping Li also recently made the following trade(s):
- On Monday, October 3rd, Ping Li sold 10,000 shares of Nimble Storage stock. The shares were sold at an average price of $8.54, for a total value of $85,400.00.
Nimble Storage Inc. (NYSE:NMBL) traded up 3.85% during mid-day trading on Wednesday, reaching $8.90. The company’s stock had a trading volume of 1,388,500 shares. The company has a 50 day moving average of $8.21 and a 200-day moving average of $7.84. Nimble Storage Inc. has a 52-week low of $5.64 and a 52-week high of $24.17. The stock’s market cap is $757.38 million.
Nimble Storage (NYSE:NMBL) last posted its earnings results on Tuesday, August 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $94.71 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. The company’s revenue was up 21.2% on a year-over-year basis. Equities analysts forecast that Nimble Storage Inc. will post ($0.72) earnings per share for the current year.
Several research analysts recently weighed in on the company. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Nimble Storage in a research note on Saturday. Wells Fargo & Co. raised Nimble Storage from a “market perform” rating to an “outperform” rating and raised their target price for the company from $9.50 to $10.50 in a research note on Thursday, September 29th. Zacks Investment Research cut Nimble Storage from a “hold” rating to a “sell” rating in a research note on Saturday, August 27th. Summit Redstone reaffirmed a “buy” rating and set a $14.00 target price (up previously from $12.00) on shares of Nimble Storage in a research note on Thursday, August 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Nimble Storage in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.99.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Nimble Storage by 111.8% in the first quarter. Renaissance Technologies LLC now owns 2,849,300 shares of the company’s stock worth $22,339,000 after buying an additional 1,504,300 shares during the last quarter. Friess Associates LLC purchased a new position in Nimble Storage during the second quarter valued at $4,856,000. Vanguard Group Inc. boosted its position 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. Polar Capital LLP boosted its position 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. Finally, Quentec Asset Management LLC boosted its position in Nimble Storage by 66.4% in the first quarter. Quentec Asset Management LLC now owns 1,048,122 shares of the company’s stock valued at $8,217,000 after buying an additional 418,122 shares in the last quarter. 61.23% of the stock is owned by hedge funds and other institutional investors.
Nimble Storage Company Profile
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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