Nimble Storage Inc. (NYSE:NMBL) Director Ping Li sold 10,000 shares of Nimble Storage stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $8.54, for a total value of $85,400.00. Following the completion of the sale, the director now directly owns 35,676 shares of the company’s stock, valued at approximately $304,673.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ping Li also recently made the following trade(s):

  • On Tuesday, October 4th, Ping Li sold 23,000 shares of Nimble Storage stock. The shares were sold at an average price of $8.62, for a total value of $198,260.00.

Nimble Storage Inc. (NYSE:NMBL) opened at 8.90 on Thursday. Nimble Storage Inc. has a 12-month low of $5.64 and a 12-month high of $24.17. The stock’s 50 day moving average price is $8.21 and its 200 day moving average price is $7.84. The company’s market capitalization is $757.38 million.

Nimble Storage (NYSE:NMBL) last released its quarterly earnings results on Tuesday, August 23rd. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.01. Nimble Storage had a negative net margin of 40.53% and a negative return on equity of 97.66%. The company earned $97.10 million during the quarter, compared to analysts’ expectations of $94.71 million. During the same period in the prior year, the company earned ($0.10) earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts anticipate that Nimble Storage Inc. will post ($0.72) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Nimble Storage (NYSE:NMBL)

A number of large investors have recently added to or reduced their stakes in NMBL. TFS Capital LLC purchased a new stake in Nimble Storage during the second quarter worth about $105,000. Quantum Capital Management purchased a new stake in Nimble Storage during the first quarter worth about $105,000. Stevens Capital Management LP purchased a new stake in Nimble Storage during the second quarter worth about $117,000. CIBC World Markets Inc. purchased a new stake in Nimble Storage during the first quarter worth about $119,000. Finally, Raymond James & Associates boosted its stake in Nimble Storage by 37.3% in the second quarter. Raymond James & Associates now owns 15,853 shares of the company’s stock worth $126,000 after buying an additional 4,306 shares during the period. Institutional investors own 61.23% of the company’s stock.

A number of brokerages have recently commented on NMBL. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Nimble Storage in a research report on Saturday, October 1st. Summit Redstone lifted their price objective on Nimble Storage from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. BTIG Research reaffirmed a “neutral” rating on shares of Nimble Storage in a research report on Wednesday, August 24th. Pacific Crest reaffirmed a “hold” rating on shares of Nimble Storage in a research report on Wednesday, August 24th. Finally, Jefferies Group lifted their price objective on Nimble Storage from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.17.

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.

5 Day Chart for NYSE:NMBL

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