Nimble Storage Inc (NMBL) Files Form 4 Insider Buying : William John Schroeder Buys 27,500 Shares

Nimble Storage Inc (NMBL): William John Schroeder , director of Nimble Storage Inc purchased 27,500 shares on Jun 24, 2016. The Insider buying transaction was reported by the company on Jun 28, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.67 per share for a total value of $208,525.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Jerry M Kennelly (director) sold 5,324 shares at $8.49 per share price.On Jun 16, 2016, Denis Murphy (VP of Worldwide Sales) sold 17,801 shares at $8.37 per share price.Also, On Jun 1, 2016, Anup V Singh (Chief Financial Officer) sold 1,736 shares at $8.93 per share price.On Mar 30, 2016, William John Schroeder (director) purchased 40,000 shares at $7.11 per share price.

Shares of Nimble Storage Inc (NMBL) ended Monday, Jun 27, 2016 session in red amid volatile trading. The shares closed down -0.73 points or -9.14% at $7.26 with 14,87,191 shares getting traded. Post opening the session at $7.84, the shares hit an intraday low of $7.15 and an intraday high of $7.84 and the price vacillated in this range throughout the day. The company has a market cap of $611 M and the number of outstanding shares has been calculated to be 8,42,00,000 shares. The 52-week high of Nimble Storage Inc is $29.15 and the 52-week low is $5.64.

Nimble Storage Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Nimble Storage Inc is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $10 .The Rating was issued on May 25, 2016.Nimble Storage Inc is Reiterated by Maxim Group to Buy while Lowering the Price Target of the company shares to $ 10 from a previous price target of $14 . The Rating was issued on May 23, 2016.

Nimble Storage Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform Adaptive Flash. With the combination of the Company’s file system Cache Accelerated Sequential Layout (CASL) and its cloud-based storage management and support service InfoSight the Company’s platform serves an array of enterprises and cloud-based service providers and the Company’s software and storage systems handle mainstream applications including virtual desktops databases e-mail collaboration and analytics. It enables information technology (IT) organizations to predict manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries such as cloud-based service providers education financial services healthcare manufacturing state and local government and technology.

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