Nimble Storage Inc. (NYSE:NMBL) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.13)-(0.15) for the period, compared to the Thomson Reuters consensus estimate of ($0.12). The company issued revenue guidance of $112-115 million, compared to the consensus revenue estimate of $113.03 million.

Shares of Nimble Storage Inc. (NYSE:NMBL) traded up 1.65% during mid-day trading on Tuesday, hitting $9.24. The stock had a trading volume of 1,783,950 shares. The firm’s market cap is $786.31 million. The firm has a 50 day moving average price of $8.21 and a 200 day moving average price of $7.98. Nimble Storage Inc. has a 52-week low of $5.64 and a 52-week high of $11.33.

Nimble Storage (NYSE:NMBL) last released its earnings results on Tuesday, November 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The firm earned $102 million during the quarter, compared to analyst estimates of $101.99 million. Nimble Storage had a negative return on equity of 97.66% and a negative net margin of 40.53%. Nimble Storage’s revenue was up 26.4% compared to the same quarter last year. During the same period last year, the business posted ($0.14) earnings per share. Equities analysts predict that Nimble Storage Inc. will post ($0.73) EPS for the current year.

A number of analysts have weighed in on the company. Jefferies Group raised their price target on Nimble Storage from $13.50 to $14.00 and gave the company a buy rating in a research note on Wednesday, August 24th. BMO Capital Markets raised their price target on Nimble Storage from $10.00 to $13.00 and gave the company a buy rating in a research note on Wednesday, August 24th. Zacks Investment Research upgraded Nimble Storage from a sell rating to a hold rating in a research note on Tuesday. Barclays PLC restated an equal weight rating on shares of Nimble Storage in a research note on Tuesday, November 8th. Finally, Pacific Crest restated a hold rating on shares of Nimble Storage in a research note on Wednesday, August 24th. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nimble Storage has an average rating of Buy and an average price target of $11.99.

In related news, CEO Suresh Vasudevan sold 22,773 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $7.76, for a total transaction of $176,718.48. Following the transaction, the chief executive officer now owns 1,048,972 shares in the company, valued at $8,140,022.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ping Li sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $8.62, for a total transaction of $198,260.00. Following the transaction, the director now owns 35,676 shares in the company, valued at approximately $307,527.12. The disclosure for this sale can be found here. Corporate insiders own 20.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of NMBL. TFS Capital LLC bought a new position in Nimble Storage during the second quarter worth approximately $105,000. Stevens Capital Management LP bought a new position in Nimble Storage during the second quarter worth approximately $117,000. 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 worth $125,000 after buying an additional 567 shares in the last quarter. 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 worth $126,000 after buying an additional 4,306 shares in the last quarter. 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 worth $225,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

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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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