Nimble Storage Inc (NMBL) Files Form 4 Insider Selling : Anup V Singh Sells 1,736 Shares

Nimble Storage Inc (NMBL): Anup V Singh , Chief Financial Officer of Nimble Storage Inc sold 1,736 shares on May 27, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $8.93 per share for a total value of $15,496.23 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 30, 2016, William John Schroeder (director) purchased 40,000 shares at $7.11 per share price.On Mar 14, 2016, Anup V Singh (Chief Financial Officer) sold 17,158 shares at $7.41 per share price.Also, On Mar 11, 2016, Varun Mehta (VP Engineering) sold 14,149 shares at $7.26 per share price.On Mar 11, 2016, Suresh Vasudevan (Chief Executive Officer) sold 28,423 shares at $7.23 per share price.

Nimble Storage Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Nimble Storage Inc which led to swings in the share price. The shares opened for trading at $8.98 and hit $9.49 on the upside , eventually ending the session at $9.02, with a gain of 1.01% or 0.09 points. The heightened volatility saw the trading volume jump to 23,52,933 shares. The 52-week high of the share price is $32.16 and the company has a market cap of $759 M . The 52-week low of the share price is at $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 is Reiterated by FBN Securities to Outperform while Lowering the Price Target of the company shares to $ 10 from a previous price target of $15 . The Rating was issued on Mar 7, 2016.Nimble Storage Inc is Downgraded by Piper Jaffray to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 4, 2016.Nimble Storage Inc is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 4, 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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Nimble Storage Inc - Is it time to Sell?

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