The stock of Nimble Storage Inc (NYSE:NMBL) is a huge mover today! The stock decreased 3.28% or $0.29 during the last trading session, hitting $8.54. About 1.25M shares traded hands. Nimble Storage Inc (NYSE:NMBL) has risen 11.05% since March 1, 2016 and is uptrending. It has underperformed by 1.16% the S&P500.
The move comes after 6 months negative chart setup for the $733.40M company. It was reported on Oct, 4 by Barchart.com. We have $8.11 PT which if reached, will make NYSE:NMBL worth $36.67 million less.
Nimble Storage Inc (NYSE:NMBL) Ratings Coverage
Out of 27 analysts covering Nimble Storage (NYSE:NMBL), 11 rate it a “Buy”, 0 “Sell”, while 16 “Hold”. This means 41% are positive. Nimble Storage has been the topic of 53 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, November 24 by DA Davidson. As per Friday, December 11, the company rating was initiated by BMO Capital Markets. The stock has “Neutral” rating given by UBS on Friday, November 20. The stock has “Market Perform” rating given by Raymond James on Friday, November 20. The firm earned “Outperform” rating on Thursday, September 29 by Wells Fargo. The rating was maintained by Maxim Group with “Buy” on Monday, May 23. The company was downgraded on Friday, November 20 by Monness Crespi. UBS maintained Nimble Storage Inc (NYSE:NMBL) on Wednesday, August 26 with “Buy” rating. The firm has “Market Perform” rating by William Blair given on Friday, November 20. The rating was maintained by BTIG Research with “Neutral” on Wednesday, August 24.
According to Zacks Investment Research, “Nimble Storage, Inc. offers flash-optimized hybrid storage platform. The company’s software and storage systems handle various mainstream applications which include virtual desktops, databases, email, collaboration and analytics. It serves industries comprising cloud-based service providers, education, financial services, healthcare, manufacturing, state and local government and technology. Nimble Storage, Inc. is based in San Jose, California.”
Insitutional Activity: The institutional sentiment increased to 1.58 in Q2 2016. Its up 0.73, from 0.85 in 2016Q1. The ratio is positive, as 11 funds sold all Nimble Storage Inc shares owned while 32 reduced positions. 20 funds bought stakes while 48 increased positions. They now own 51.68 million shares or 2.37% less from 52.94 million shares in 2016Q1.
Blackrock has 0% invested in the company for 5,289 shares. Disciplined Growth Mn accumulated 744,525 shares or 0.15% of the stock. First Republic Inv Mgmt Incorporated accumulated 71,980 shares or 0.01% of the stock. Barclays Public Ltd Co reported 2,272 shares or 0% of all its holdings. Quantum, a California-based fund reported 13,447 shares. Rhumbline Advisers owns 56,370 shares or 0% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 910 shares in the company. Art has invested 0.05% of its portfolio in Nimble Storage Inc (NYSE:NMBL). Glynn Cap Ltd accumulated 37,000 shares or 0.1% of the stock. Quantitative Mgmt has invested 0.02% of its portfolio in Nimble Storage Inc (NYSE:NMBL). Ubs Asset Management Americas Incorporated, a Illinois-based fund reported 28,300 shares. Northern Tru Corp holds 0% or 707,904 shares in its portfolio. State Of Wisconsin Board holds 0.01% of its portfolio in Nimble Storage Inc (NYSE:NMBL) for 410,000 shares. One Trading Lp has 0% invested in the company for 5,796 shares. Spark Inv Management Ltd Liability Com last reported 43,700 shares in the company.
Insider Transactions: Since May 27, 2016, the stock had 1 insider purchase, and 12 selling transactions for $715,491 net activity. On Tuesday, September 6 SINGH ANUP V sold $6,688 worth of the stock or 794 shares. Kennelly Jerry M sold 5,324 shares worth $45,178. $176,657 worth of Nimble Storage Inc (NYSE:NMBL) was sold by Vasudevan Suresh on Monday, September 12. Another trade for 7,500 shares valued at $55,025 was made by SCHROEDER WILLIAM JOHN on Monday, September 19. $103,410 worth of Nimble Storage Inc (NYSE:NMBL) was sold by MEHTA VARUN on Monday, September 12. 4,050 Nimble Storage Inc (NYSE:NMBL) shares with value of $31,535 were sold by Murphy Denis.
Another recent and important Nimble Storage Inc (NYSE:NMBL) news was published by Seekingalpha.com which published an article titled: “Nimble Storage: Performance That Should Quiet The Competitive Concerns” on September 26, 2016.
NMBL Company Profile
Nimble Storage, Inc. (Nimble Storage), incorporated on November 8, 2007, engineers and delivers its clients with flash storage platform. The Company’s Predictive Flash platform consists of a Unified Flash Fabric that provides a single consolidation architecture with common data services across a portfolio of All Flash and Adaptive Flash arrays, and InfoSight predictive analytics with integrated support and service offerings. It enables information technology (IT) organizations to manage performance, capacity and cost for the applications running across the data center with InfoSight cloud management software. The Predictive Flash platform includes over six components, such as AF-Series All Flash arrays, CS-Series Adaptive Flash arrays, Unified Flash Fabric, InfoSight, SmartStack and Timeless Storage.
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