Nimble Storage Inc. (NMBL) Scheduled to Post Earnings on Tuesday
Nimble Storage Inc. (NYSE:NMBL) is set to release its Q317 earnings data on Tuesday, November 22nd. Analysts expect Nimble Storage to post earnings of ($0.18) per share and revenue of $101.99 million for the quarter.
Shares of Nimble Storage Inc. (NYSE:NMBL) opened at 9.30 on Monday. The stock has a 50 day moving average price of $8.10 and a 200 day moving average price of $7.90. Nimble Storage Inc. has a 12-month low of $5.64 and a 12-month high of $21.07. The stock’s market capitalization is $791.42 million.
NMBL has been the topic of several research reports. BMO Capital Markets raised Nimble Storage from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $9.00 to $10.00 in a research report on Wednesday, August 3rd. BTIG Research restated a “neutral” rating on shares of Nimble Storage in a research note on Wednesday, August 24th. Morgan Stanley raised their target price on Nimble Storage from $6.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, August 24th. Summit Redstone raised their target price on Nimble Storage from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Finally, Barclays PLC restated 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 equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $11.99.
In related news, CFO Anup V. Singh sold 16,479 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $7.72, for a total transaction of $127,217.88. Following the sale, the chief financial officer now owns 286,131 shares of the company’s stock, valued at $2,208,931.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jerry M. Kennelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $8.17, for a total value of $40,850.00. Following the sale, the director now directly owns 38,456 shares in the company, valued at approximately $314,185.52. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.
A number of large investors have recently made changes to their positions in NMBL. TFS Capital LLC acquired a new position in Nimble Storage during the second quarter valued at about $105,000. BlackRock Group LTD raised its position in Nimble Storage by 4.2% in the third quarter. BlackRock Group LTD now owns 14,188 shares of the company’s stock valued at $125,000 after buying an additional 567 shares during the period. Stevens Capital Management LP acquired a new position in Nimble Storage during the second quarter valued at about $117,000. Raymond James & Associates raised its position in 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 during the period. Finally, UBS Asset Management Americas Inc. raised its position in Nimble Storage by 11.9% in the second quarter. UBS Asset Management Americas Inc. now owns 28,300 shares of the company’s stock valued at $225,000 after buying an additional 3,000 shares during the period. 58.82% of the stock is currently 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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