Nimble Storage Inc (NASDAQ:NMBL) had its price target cut by Barclays from $15.00 to $9.00 in a research report released on Wednesday, MarketBeat Ratings reports. They currently have an equal weight rating on the stock.

NMBL has been the subject of several other reports. BMO Capital Markets reaffirmed a market perform rating and issued a $11.00 price objective on shares of Nimble Storage in a report on Friday, December 11th. Oppenheimer cut their price objective on shares of Nimble Storage from $36.00 to $33.00 and set an outperform rating for the company in a report on Monday, October 5th. JPMorgan Chase & Co. started coverage on shares of Nimble Storage in a report on Friday, December 4th. They issued an overweight rating and a $15.00 price target for the company. Zacks Investment Research raised shares of Nimble Storage from a sell rating to a hold rating in a report on Friday, October 9th. Finally, Wunderlich cut their price target on shares of Nimble Storage from $14.00 to $11.00 and set a hold rating for the company in a report on Friday, December 18th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $23.02.

In other news, VP Denis Murphy acquired 50,000 shares of the firm’s stock in a transaction on Monday, November 23rd. The shares were purchased at an average price of $10.32 per share, for a total transaction of $516,000.00. Following the completion of the transaction, the vice president now owns 285,150 shares of the company’s stock, valued at $2,942,748. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William John Schroeder acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, November 24th. The stock was purchased at an average price of $10.31 per share, for a total transaction of $103,100.00. Following the transaction, the director now directly owns 30,870 shares of the company’s stock, valued at approximately $318,269.70. The disclosure for this purchase can be found here.

Several large investors recently made changes to their positions in the stock. Boulegeris Investments Inc. raised its stake in shares of Nimble Storage by 3.9% in the fourth quarter. Boulegeris Investments Inc. now owns 73,305 shares of the company’s stock worth $674,000 after buying an additional 2,740 shares during the last quarter. Simplex Trading raised its stake in shares of Nimble Storage by 120.0% in the fourth quarter. Simplex Trading now owns 22 shares of the company’s stock worth $0 after buying an additional 12 shares during the last quarter. Hershey Trust Company acquired a new stake in Nimble Storage during the fourth quarter valued at approximately $289,000. Quantitative Systematic Strategies acquired a new stake in Nimble Storage during the fourth quarter valued at approximately $467,000. Finally, Creative Planning raised its stake in Nimble Storage by 10.7% in the fourth quarter. Creative Planning now owns 30,237 shares of the company’s stock valued at $278,000 after buying an additional 2,929 shares during the last quarter.

Shares of Nimble Storage (NASDAQ:NMBL) traded down 2.92% during mid-day trading on Wednesday, hitting $6.31. 770,078 shares of the company traded hands. The stock’s market capitalization is $509.85 million. Nimble Storage has a 1-year low of $6.10 and a 1-year high of $32.16. The firm’s 50 day moving average price is $8.97 and its 200-day moving average price is $20.06.

Nimble Storage (NASDAQ:NMBL) last released its quarterly earnings data on Thursday, November 19th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. The company had revenue of $80.70 million for the quarter, compared to the consensus estimate of $87.44 million. During the same period in the previous year, the business posted ($0.15) earnings per share. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. On average, equities research analysts forecast that Nimble Storage will post ($0.47) EPS for the current year.

Nimble Storage, Inc. (NASDAQ:NMBL) 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.

12 Month Chart for NASDAQ:NMBL

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