Nimble Storage Inc. (NMBL) Director Ping Li Sells 23,000 Shares of Stock
Nimble Storage Inc. (NYSE:NMBL) Director Ping Li sold 23,000 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $8.62, for a total transaction of $198,260.00. Following the completion of the transaction, the director now owns 35,676 shares in the company, valued at approximately $307,527.12. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $8.54, for a total transaction of $85,400.00.
Nimble Storage Inc. (NYSE:NMBL) opened at 8.90 on Thursday. The company’s market capitalization is $757.38 million. The stock’s 50 day moving average price is $8.21 and its 200-day moving average price is $7.84. Nimble Storage Inc. has a 52-week low of $5.64 and a 52-week high of $24.17.
Nimble Storage (NYSE:NMBL) last released its earnings results on Tuesday, August 23rd. The company reported ($0.19) EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $94.71 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue was up 21.2% compared to the same quarter last year. Analysts predict that Nimble Storage Inc. will post ($0.72) earnings per share for the current fiscal year.
NMBL has been the subject of a number of recent analyst reports. Summit Redstone reissued a “buy” rating on shares of Nimble Storage in a research report on Sunday, June 26th. Zacks Investment Research lowered Nimble Storage from a “hold” rating to a “sell” rating in a research report on Saturday, August 27th. Wells Fargo & Co. reissued a “market perform” rating and issued a $9.50 target price (up previously from $7.50) on shares of Nimble Storage in a research report on Thursday, August 25th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Nimble Storage in a research report on Saturday, October 1st. Finally, Piper Jaffray Cos. reissued a “neutral” rating and issued a $9.00 target price on shares of Nimble Storage in a research report on Thursday, August 25th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Nimble Storage has an average rating of “Hold” and an average price target of $14.17.
Several large investors have recently added to or reduced their stakes in the company. Quantum Capital Management bought a new position in shares of Nimble Storage during the first quarter valued at $105,000. TFS Capital LLC bought a new position in shares of Nimble Storage during the second quarter valued at $105,000. Stevens Capital Management LP bought a new position in shares of Nimble Storage during the second quarter valued at $117,000. CIBC World Markets Inc. bought a new position in shares of Nimble Storage during the first quarter valued at $119,000. Finally, Raymond James & Associates boosted its position in shares of Nimble Storage by 37.3% in the second quarter. Raymond James & Associates now owns 15,853 shares of the company’s stock valued at $126,000 after buying an additional 4,306 shares in the last quarter. 61.23% of the stock is owned by hedge funds and other institutional investors.
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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