Trading Report: Today, Nimble Storage’s (NMBL) “Equal Weight” Rating Reaffirm at Barclays PLC

Today, Nimble Storage’s (NMBL) “Equal Weight” Rating Reaffirm at Barclays PLC

Barclays PLC restated their equal weight rating on shares of Nimble Storage Inc. (NYSE:NMBL) in a report issued on Saturday morning. They currently have a $10.00 target price on the stock.

A number of other brokerages have also recently issued reports on NMBL. Jefferies Group upped their price objective on Nimble Storage from $13.50 to $14.00 and gave the stock a buy rating in a research note on Wednesday, August 24th. Summit Redstone upped their price objective on Nimble Storage from $12.00 to $14.00 and gave the stock a buy rating in a research note on Wednesday, August 24th. BMO Capital Markets upped their price objective on Nimble Storage from $10.00 to $13.00 and gave the stock a buy rating in a research note on Wednesday, August 24th. Needham & Company LLC reiterated a buy rating and set a $12.00 price objective on shares of Nimble Storage in a research note on Thursday, August 25th. Finally, Pacific Crest reiterated a hold rating on shares of Nimble Storage in a research note on Wednesday, August 24th. Fourteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Nimble Storage currently has an average rating of Buy and an average target price of $11.94.

Shares of Nimble Storage (NYSE:NMBL) opened at 7.73 on Friday. The firm’s 50-day moving average is $8.15 and its 200-day moving average is $8.01. Nimble Storage has a 1-year low of $5.64 and a 1-year high of $11.33. The firm’s market cap is $657.82 million.

Nimble Storage (NYSE:NMBL) last released its quarterly earnings results on Tuesday, November 22nd. The company reported ($0.18) earnings per share 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 earned $102 million during the quarter, compared to the consensus estimate of $101.99 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. The business’s revenue was up 26.4% on a year-over-year basis. On average, analysts anticipate that Nimble Storage will post ($0.73) EPS for the current fiscal year.

In other Nimble Storage news, CEO Suresh Vasudevan sold 22,773 shares of the stock in a transaction dated Monday, September 12th. The stock was 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ping Li sold 23,000 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $8.62, for a total value 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. 20.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. TFS Capital LLC purchased a new position in Nimble Storage during the second quarter valued at approximately $105,000. Stevens Capital Management LP purchased a new position in Nimble Storage during the second quarter valued at approximately $117,000. BlackRock Group LTD increased 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. Raymond James & Associates increased 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 in the last quarter. Finally, CIBC World Markets Inc. increased 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 in the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.

Nimble Storage Company Profile

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