Nimble Storage Inc. (NMBL) Receives Hold Rating from JMP Securities
A number of other equities research analysts also recently commented on NMBL. Oppenheimer Holdings Inc. restated a hold rating on shares of Nimble Storage in a research report on Saturday, October 1st. Susquehanna restated a positive rating and issued a $12.00 price objective on shares of Nimble Storage in a research report on Friday. Piper Jaffray Cos. restated a neutral rating and issued a $9.00 price objective on shares of Nimble Storage in a research report on Thursday, August 25th. Pacific Crest restated a hold rating on shares of Nimble Storage in a research report on Wednesday, August 24th. Finally, Needham & Company LLC restated a buy rating and issued a $12.00 price objective on shares of Nimble Storage in a research report on Friday. Fourteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Nimble Storage currently has an average rating of Buy and a consensus target price of $11.94.
Shares of Nimble Storage (NYSE:NMBL) traded down 0.51% on Thursday, hitting $7.73. The stock had a trading volume of 1,257,918 shares. Nimble Storage has a one year low of $5.64 and a one year high of $11.33. The stock’s market cap is $657.82 million. The company’s 50 day moving average is $8.15 and its 200 day moving average is $8.01.
Nimble Storage (NYSE:NMBL) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.18) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The firm earned $102 million during the quarter, compared to the consensus estimate of $101.99 million. Nimble Storage had a negative net margin of 41.08% and a negative return on equity of 109.02%. The firm’s revenue was up 26.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.14) earnings per share. Equities research analysts predict that Nimble Storage will post ($0.73) EPS for the current fiscal year.
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In related news, Director Ping Li sold 23,000 shares of Nimble Storage stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jerry M. Kennelly sold 5,000 shares of Nimble Storage stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $8.17, for a total transaction of $40,850.00. Following the transaction, the director now owns 38,456 shares in the company, valued at approximately $314,185.52. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. TFS Capital LLC acquired a new position in Nimble Storage during the second quarter valued at $105,000. Stevens Capital Management LP acquired a new position in Nimble Storage during the second quarter valued at $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 valued at $125,000 after buying an additional 567 shares during 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 valued at $126,000 after buying an additional 4,306 shares during the last quarter. Finally, CIBC World Markets Inc. raised its position in 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 last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.
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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