Nimble Storage Inc (NMBL) : Empire Capital Management L.l.c. has sold out all of its stake in Nimble Storage Inc during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 100,000 shares of Nimble Storage Inc which is valued at $637,000.
Other Hedge Funds, Including , Stevens Capital Management Lp sold out all of its stake in NMBL during the most recent quarter. The investment firm sold 12,973 shares of NMBL which is valued $82,638.Spark Investment Management boosted its stake in NMBL in the latest quarter, The investment management firm added 30,800 additional shares and now holds a total of 231,700 shares of Nimble Storage Inc which is valued at $1.5 Million. Nimble Storage Inc makes up approx 0.15% of Spark Investment Management’s portfolio.Boulegeris Investments boosted its stake in NMBL in the latest quarter, The investment management firm added 35,870 additional shares and now holds a total of 109,175 shares of Nimble Storage Inc which is valued at $703,087. Nimble Storage Inc makes up approx 0.50% of Boulegeris Investments’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in NMBL during the most recent quarter. The investment firm sold 25,462 shares of NMBL which is valued $163,975.
Nimble Storage Inc opened for trading at $8.47 and hit $9.33 on the upside on Wednesday, eventually ending the session at $8.56, with a gain of 16.46% or 1.21 points. The heightened volatility saw the trading volume jump to 56,83,818 shares. Company has a market cap of $720 M.
On the company’s financial health, Nimble Storage Inc reported $-0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 24, 2016. Analyst had a consensus of $-0.26. The company had revenue of $86.40 million for the quarter, compared to analysts expectations of $84.60 million. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.
Many Wall Street Analysts have commented on Nimble Storage Inc. Company shares were Reiterated by Maxim Group on May 25, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $10 .Shares were Reiterated by Maxim Group on May 23, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $14 .Shares were Reiterated by FBN Securities on Mar 7, 2016 to “Outperform” and Lowered the Price Target to $ 10 from a previous price target of $15 .
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.