Needham & Company LLC restated their buy rating on shares of Nimble Storage Inc. (NYSE:NMBL) in a research note issued to investors on Friday. They currently have a $12.00 price objective on the stock.

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 report on Wednesday, October 12th. Zacks Investment Research downgraded shares of Nimble Storage from a hold rating to a sell rating in a report on Wednesday, October 26th. Susquehanna set a $12.00 price objective on shares of Nimble Storage and gave the company a buy rating in a report on Friday, November 25th. Morgan Stanley lifted their price objective on shares of Nimble Storage from $6.00 to $18.00 and gave the company an overweight rating in a report on Wednesday, August 24th. Finally, Oppenheimer Holdings Inc. reiterated a hold rating on shares of Nimble Storage in a report on Tuesday, November 22nd. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Nimble Storage currently has a consensus rating of Buy and an average target price of $11.94.

Nimble Storage (NYSE:NMBL) opened at 7.58 on Friday. The company’s market cap is $654.47 million. The company’s 50-day moving average is $8.07 and its 200-day moving average is $8.05. Nimble Storage has a 12 month low of $5.64 and a 12 month high of $11.33.

Nimble Storage (NYSE:NMBL) last announced its earnings results on Tuesday, November 22nd. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The firm had revenue of $102 million for 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% on a year-over-year basis. During the same period last year, the company posted ($0.14) EPS. On average, equities research analysts anticipate that Nimble Storage will post ($0.73) earnings per share for the current year.

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In other Nimble Storage news, VP Varun Mehta sold 13,282 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was 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 of the company’s stock, valued at $2,944,121.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ping Li sold 23,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $8.62, for a total value of $198,260.00. Following the transaction, the director now directly owns 35,676 shares of the company’s stock, valued at approximately $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 hedge funds and other institutional investors have recently modified their holdings of NMBL. UBS Asset Management Americas Inc. increased its position in shares of Nimble Storage by 11.9% in the second quarter. UBS Asset Management Americas Inc. now owns 28,300 shares of the company’s stock valued at $225,000 after buying an additional 3,000 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Nimble Storage by 24.4% in the second quarter. Nationwide Fund Advisors now owns 40,812 shares of the company’s stock valued at $325,000 after buying an additional 7,999 shares during the last quarter. Royce & Associates LP acquired a new position in shares of Nimble Storage during the second quarter valued at approximately $342,000. State Board of Administration of Florida Retirement System increased 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. Finally, California Public Employees Retirement System increased its position in shares of Nimble Storage by 895.3% in the second quarter. California Public Employees Retirement System now owns 320,000 shares of the company’s stock valued at $2,547,000 after buying an additional 287,850 shares during the last quarter. 62.17% of the stock is owned by hedge funds and other institutional investors.

Nimble Storage Company Profile

Nimble Storage, Inc (Nimble Storage) engineers and delivers its customers 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.

5 Day Chart for NYSE:NMBL

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