Today, Nimble Storage’s (NMBL) “Market Perform” Rating Reaffirm at William Blair

Today, Nimble Storage’s (NMBL) “Market Perform” Rating Reaffirm at William Blair
William Blair reiterated their market perform rating on shares of Nimble Storage Inc. (NYSE:NMBL) in a research report sent to investors on Saturday morning.

NMBL has been the topic of a number of other reports. Wells Fargo & Co. upgraded shares of Nimble Storage from a market perform rating to an outperform rating in a research note on Wednesday, October 12th. Zacks Investment Research downgraded shares of Nimble Storage from a hold rating to a sell rating in a research note on Wednesday, October 26th. Morgan Stanley increased their price objective on shares of Nimble Storage from $6.00 to $18.00 and gave the company an overweight rating in a research note on Wednesday, August 24th. Oppenheimer Holdings Inc. reiterated a hold rating on shares of Nimble Storage in a research note on Tuesday. Finally, 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. Fourteen research 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 has a consensus rating of Buy and a consensus target price of $11.94.

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

Nimble Storage (NYSE:NMBL) last announced its earnings results on Tuesday, November 22nd. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The business 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 business’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.14) earnings per share. Equities analysts expect that Nimble Storage will post ($0.73) EPS for the current fiscal year.

In other news, VP Varun Mehta sold 13,282 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $7.79, for a total transaction of $103,466.78. Following the completion of the transaction, the vice president now owns 377,936 shares in the company, valued at approximately $2,944,121.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction of $40,850.00. Following the transaction, the director now owns 38,456 shares of the company’s stock, valued at approximately $314,185.52. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of NMBL. Polar Capital LLP raised its position in Nimble Storage by 22.9% in the second quarter. Polar Capital LLP now owns 2,394,557 shares of the company’s stock valued at $19,050,000 after buying an additional 446,236 shares during the period. Retirement Systems of Alabama boosted its position in shares of Nimble Storage by 5.0% in the second quarter. Retirement Systems of Alabama now owns 1,590,000 shares of the company’s stock valued at $12,656,000 after buying an additional 75,000 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of 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 during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Nimble Storage during the second quarter valued at approximately $363,000. Finally, Swiss National Bank boosted its position in shares of Nimble Storage by 49.9% in the second quarter. Swiss National Bank now owns 94,300 shares of the company’s stock valued at $751,000 after buying an additional 31,400 shares during the last quarter. Institutional investors own 59.94% of the company’s stock.

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