Quantum Capital Management Has $141,000 Position in Nimble Storage, Inc. (NMBL)
Quantum Capital Management held its stake in Nimble Storage, Inc. (NYSE:NMBL) during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,853 shares of the company’s stock at the end of the fourth quarter. Quantum Capital Management’s holdings in Nimble Storage were worth $141,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its stake in 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 period. Friess Associates LLC purchased a new stake in Nimble Storage during the second quarter valued at $4,856,000. Polar Capital LLP boosted its stake in Nimble Storage by 22.9% in the second quarter. Polar Capital LLP now owns 2,394,557 shares of the company’s stock valued at $19,050,000 after buying an additional 446,236 shares during the period. Quentec Asset Management LLC boosted its stake in Nimble Storage by 5.9% in the second quarter. Quentec Asset Management LLC now owns 1,110,060 shares of the company’s stock valued at $8,836,000 after buying an additional 61,938 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Nimble Storage by 31.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 46,425 shares of the company’s stock valued at $370,000 after buying an additional 10,992 shares during the period. Institutional investors own 63.41% of the company’s stock.
Shares of Nimble Storage, Inc. (NYSE:NMBL) traded down 1.91% during mid-day trading on Thursday, hitting $8.74. 602,124 shares of the stock traded hands. Nimble Storage, Inc. has a 1-year low of $6.13 and a 1-year high of $9.90. The company’s market capitalization is $764.75 million. The company’s 50-day moving average price is $8.47 and its 200 day moving average price is $8.20.
Nimble Storage (NYSE:NMBL) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The business 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 114.08%. The company’s quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) EPS. Equities research analysts forecast that Nimble Storage, Inc. will post ($0.75) EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on NMBL shares. Zacks Investment Research cut shares of Nimble Storage from a “hold” rating to a “sell” rating in a research report on Thursday, October 20th. Barclays PLC reissued an “equal weight” rating on shares of Nimble Storage in a research note on Tuesday, November 8th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Nimble Storage in a research note on Tuesday, November 22nd. BMO Capital Markets reissued an “outperform” rating and set a $12.00 target price (down from $13.00) on shares of Nimble Storage in a research note on Wednesday, November 23rd. Finally, Susquehanna Bancshares Inc set a $12.00 target price on shares of Nimble Storage and gave the stock a “buy” rating in a research note on Friday, November 25th. Thirteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $11.78.
In other news, CFO Anup V. Singh sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $8.00, for a total transaction of $80,000.00. Following the sale, the chief financial officer now owns 247,908 shares in the company, valued at approximately $1,983,264. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Suresh Vasudevan sold 116,075 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $8.05, for a total transaction of $934,403.75. Following the sale, the chief executive officer now owns 1,127,052 shares in the company, valued at approximately $9,072,768.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 409,034 shares of company stock worth $3,301,924. Insiders own 20.90% of the company’s stock.
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.
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