RBC Capital Markets reaffirmed their sector perform rating on shares of Nimble Storage Inc. (NYSE:NMBL) in a research note published on Saturday morning. RBC Capital Markets currently has a $10.00 price objective on the stock.
A number of other research firms have also issued reports on NMBL. Raymond James Financial Inc. reissued a market perform rating on shares of Nimble Storage in a research note on Friday. Zacks Investment Research lowered shares of Nimble Storage from a hold rating to a sell rating in a research note on Saturday, August 27th. Wells Fargo & Co. reissued a market perform rating and set a $9.50 target price (up from $7.50) on shares of Nimble Storage in a research note on Thursday, August 25th. Barclays PLC reissued an equal weight rating and set a $10.00 target price on shares of Nimble Storage in a research note on Saturday. Finally, Oppenheimer Holdings Inc. reissued a hold rating on shares of Nimble Storage in a research note on Saturday, October 1st. Fifteen research 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 stock. Nimble Storage currently has a consensus rating of Buy and an average price target of $11.94.
Shares of Nimble Storage (NYSE:NMBL) traded down 0.51% on Friday, hitting $7.73. 1,257,918 shares of the stock were exchanged. The company’s market cap is $657.82 million. The firm’s 50-day moving average is $8.15 and its 200-day moving average is $8.01. Nimble Storage has a one year low of $5.64 and a one year high of $11.33.
Nimble Storage (NYSE:NMBL) last posted its earnings results on Tuesday, November 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.18). The firm earned $102 million during the quarter, compared to analyst estimates of $101.99 million. Nimble Storage had a negative net margin of 41.08% and a negative return on equity of 109.02%. Nimble Storage’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) EPS. On average, equities analysts forecast 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 company’s 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 completion of the sale, the director now directly owns 35,676 shares of the company’s stock, valued at approximately $307,527.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William John Schroeder acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were purchased at an average cost of $7.30 per share, with a total value of $36,500.00. Following the completion of the acquisition, the director now owns 46,870 shares in the company, valued at approximately $342,151. The disclosure for this purchase can be found here. 20.90% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Boulegeris Investments Inc. increased its stake in Nimble Storage by 21.2% in the second quarter. Boulegeris Investments Inc. now owns 132,361 shares of the company’s stock valued at $1,054,000 after buying an additional 23,186 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Nimble Storage during the second quarter valued at about $559,000. CIBC World Markets Inc. increased its stake 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. Bank of Montreal Can purchased a new stake in Nimble Storage during the second quarter valued at about $218,000. Finally, Retirement Systems of Alabama increased its stake in 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 in the last quarter. 59.94% of the stock is owned by institutional investors and hedge funds.
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