Oppenheimer Holdings Inc. restated their hold rating on shares of Nimble Storage Inc. (NYSE:NMBL) in a report published on Tuesday.

Several other brokerages have also commented on NMBL. Zacks Investment Research raised Nimble Storage from a sell rating to a hold rating in a research note on Tuesday. Pacific Crest reissued a hold rating on shares of Nimble Storage in a research note on Wednesday, August 24th. Jefferies Group boosted their price target on Nimble Storage from $13.50 to $14.00 and gave the stock a buy rating in a research note on Wednesday, August 24th. Barclays PLC reissued an equal weight rating and set a $10.00 price target (up previously from $9.00) on shares of Nimble Storage in a research note on Wednesday, August 24th. Finally, Summit Redstone boosted their price target on Nimble Storage from $12.00 to $14.00 and gave the stock a buy rating in a research note on Wednesday, August 24th. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $11.99.

Shares of Nimble Storage (NYSE:NMBL) traded down 14.8387% during trading on Tuesday, hitting $7.8689. The company’s stock had a trading volume of 1,807,031 shares. The company has a 50-day moving average price of $8.23 and a 200-day moving average price of $8.00. The stock’s market cap is $669.64 million. Nimble Storage has a one year low of $5.64 and a one year high of $11.33.

Nimble Storage (NYSE:NMBL) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported ($0.18) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.18). The business had revenue of $102 million for 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%. The company’s quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) EPS. Equities analysts predict that Nimble Storage will post ($0.73) EPS for the current fiscal year.

In other news, CEO Suresh Vasudevan sold 22,773 shares of the stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $7.76, for a total value of $176,718.48. Following the completion of the transaction, the chief executive officer now directly owns 1,048,972 shares in the company, valued at $8,140,022.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ping Li sold 23,000 shares of the 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 completion of the transaction, the director now owns 35,676 shares of the company’s stock, valued at $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 the stock. CIBC World Markets Inc. boosted its stake in shares of Nimble Storage by 2.0% in the third quarter. CIBC World Markets Inc. now owns 17,600 shares of the company’s stock worth $155,000 after buying an additional 350 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of 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 during the last quarter. BlackRock Investment Management LLC increased its stake in shares of Nimble Storage by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 233,836 shares of the company’s stock valued at $2,065,000 after buying an additional 930 shares during the period. Thompson Investment Management Inc. increased its stake in shares of Nimble Storage by 3.9% in the third quarter. Thompson Investment Management Inc. now owns 26,075 shares of the company’s stock valued at $230,000 after buying an additional 975 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Nimble Storage by 5.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 22,990 shares of the company’s stock valued at $183,000 after buying an additional 1,155 shares during the period. 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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