Nimble Storage Inc. (NYSE:NMBL) has received a consensus recommendation of “Buy” from the twenty-seven brokerages that are currently covering the firm. Fourteen analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.19.

Several research analysts have recently commented on the company. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Nimble Storage in a research report on Saturday, October 1st. BMO Capital Markets lowered their price target on Nimble Storage from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday. Jefferies Group increased their price objective on Nimble Storage from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Barclays PLC reiterated an “equal weight” rating on shares of Nimble Storage in a research note on Tuesday, November 8th. Finally, Pacific Crest reiterated a “hold” rating on shares of Nimble Storage in a research note on Wednesday, August 24th.

Shares of Nimble Storage (NYSE:NMBL) traded down 0.51% on Friday, reaching $7.73. The company had a trading volume of 1,257,743 shares. Nimble Storage has a 12 month low of $5.64 and a 12 month high of $11.33. The firm’s market capitalization is $657.82 million. The firm’s 50 day moving average is $8.21 and its 200 day moving average is $8.00.

Nimble Storage (NYSE:NMBL) last released its quarterly earnings results on Tuesday, November 22nd. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). Nimble Storage had a negative return on equity of 109.02% and a negative net margin of 41.08%. The business earned $102 million during the quarter, compared to analyst estimates of $101.99 million. During the same period last year, the business posted ($0.14) earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. On average, equities research analysts expect that Nimble Storage will post ($0.73) earnings per share for the current fiscal year.

In other Nimble Storage news, Director Jerry M. Kennelly sold 5,000 shares of Nimble Storage 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 owns 38,456 shares of the company’s stock, valued at approximately $314,185.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Varun Mehta sold 13,282 shares of Nimble Storage stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $7.79, for a total value of $103,466.78. Following the completion of the sale, the vice president now directly owns 377,936 shares in the company, valued at approximately $2,944,121.44. The disclosure for this sale can be found here. 20.90% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Quantum Capital Management acquired a new stake in shares of Nimble Storage during the first quarter worth $105,000. Boulegeris Investments Inc. raised its stake in shares of Nimble Storage by 21.2% in the second quarter. Boulegeris Investments Inc. now owns 132,361 shares of the company’s stock valued at $1,054,000 after buying an additional 23,186 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Nimble Storage during the second quarter valued at approximately $559,000. CIBC World Markets Inc. raised its stake in shares of Nimble Storage by 13.5% in the second quarter. CIBC World Markets Inc. now owns 17,250 shares of the company’s stock valued at $137,000 after buying an additional 2,050 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Nimble Storage during the second quarter valued at approximately $218,000. 59.94% of the stock is currently owned by institutional investors.

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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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