Trading Report: Today, Nimble Storage Inc. (NMBL) Given “Market Perform” Rating at William Blair

Today, Nimble Storage Inc. (NMBL) Given “Market Perform” Rating at William Blair

Nimble Storage Inc. (NYSE:NMBL)‘s stock had its “market perform” rating reiterated by equities research analysts at William Blair in a note issued to investors on Saturday.

Several other brokerages have also commented on NMBL. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Nimble Storage in a research note on Tuesday. Zacks Investment Research upgraded Nimble Storage from a “sell” rating to a “hold” rating in a research note on Tuesday. Pacific Crest reiterated a “hold” rating on shares of Nimble Storage in a research note on Wednesday, August 24th. Jefferies Group increased their target price on Nimble Storage from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $10.00 target price (up previously from $9.00) on shares of Nimble Storage in a research note on Wednesday, August 24th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $11.94.

Nimble Storage (NYSE:NMBL) opened at 7.73 on Friday. The firm’s 50-day moving average price is $8.15 and its 200 day moving average price is $8.01. The firm’s market cap is $657.82 million. Nimble Storage has a 52-week low of $5.64 and a 52-week 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 company earned $102 million during the quarter, compared to analyst estimates of $101.99 million. Nimble Storage had a negative return on equity of 109.02% and a negative net margin of 41.08%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) earnings per share. On average, equities research analysts forecast that Nimble Storage will post ($0.73) EPS for the current year.

In related news, Director Jerry M. Kennelly sold 5,000 shares of the firm’s 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 document filed with the SEC, which is available at the SEC website. Also, CFO Anup V. Singh sold 16,479 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $7.72, for a total value of $127,217.88. Following the completion of the sale, the chief financial officer now directly owns 286,131 shares in the company, valued at approximately $2,208,931.32. The disclosure for this sale can be found here. 20.90% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC increased its stake in shares of Nimble Storage by 55.4% in the third quarter. Quantitative Systematic Strategies LLC now owns 133,260 shares of the company’s stock valued at $1,167,000 after buying an additional 47,522 shares during the period. RBF Capital LLC acquired a new stake in Nimble Storage during the third quarter valued at approximately $150,000. D. E. Shaw & Co. Inc. boosted its stake in Nimble Storage by 29.9% in the third quarter. D. E. Shaw & Co. Inc. now owns 1,234,425 shares of the company’s stock valued at $10,900,000 after buying an additional 284,301 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Nimble Storage during the third quarter valued at approximately $393,000. Finally, Ardsley Advisory Partners acquired a new stake in Nimble Storage during the third quarter valued at approximately $287,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.

Nimble Storage Company Profile

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