Trade Report: Today, Nimble Storage Inc. (NMBL) Earns “Hold” Rating from JMP Securities

Today, Nimble Storage Inc. (NMBL) Earns “Hold” Rating from JMP Securities

Nimble Storage Inc. (NYSE:NMBL)‘s stock had its “hold” rating reaffirmed by stock analysts at JMP Securities in a report released on Thursday.

A number of other brokerages have also recently issued reports on NMBL. Zacks Investment Research cut Nimble Storage from a “hold” rating to a “sell” rating in a research report on Saturday, August 27th. Wells Fargo & Co. reaffirmed a “market perform” rating and set a $9.50 target price (up previously from $7.50) on shares of Nimble Storage in a research report on Thursday, August 25th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Nimble Storage in a research report on Saturday, October 1st. Summit Redstone reaffirmed a “buy” rating and set a $14.00 target price (up previously from $12.00) on shares of Nimble Storage in a research report on Thursday, August 25th. Finally, Susquehanna reaffirmed a “positive” rating and set a $12.00 target price on shares of Nimble Storage in a research report on Friday. Fourteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $11.94.

Nimble Storage (NYSE:NMBL) traded down 0.51% during midday trading on Thursday, reaching $7.73. The company had a trading volume of 1,257,918 shares. The company’s market capitalization is $657.82 million. The firm has a 50-day moving average price of $8.15 and a 200-day moving average price of $8.01. Nimble Storage has a 52 week low of $5.64 and a 52 week high of $11.33.

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

In related news, Director Ping Li sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $8.62, for a total value of $198,260.00. Following the transaction, the director now owns 35,676 shares in the company, valued at $307,527.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jerry M. Kennelly sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $8.17, for a total value of $40,850.00. Following the completion of 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 owned by insiders.

A number of institutional investors have recently bought and sold shares of NMBL. CIBC World Markets Inc. boosted its position in Nimble Storage by 2.0% in the third quarter. CIBC World Markets Inc. now owns 17,600 shares of the company’s stock valued at $155,000 after buying an additional 350 shares in the last quarter. BlackRock Group LTD boosted 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 in the last quarter. BlackRock Investment Management LLC boosted its position in 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 in the last quarter. Thompson Investment Management Inc. boosted its position in 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 in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 59.94% of the company’s stock.

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