Infoblox (NASDAQ:BLOX) VP Sohail Parekh sold 4,600 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $43.48, for a total value of $200,008.00. Following the sale, the vice president now directly owns 30,000 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
BLOX has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of Infoblox (NASDAQ:BLOX) from $32.00 to $45.00 in a research note to investors on Monday, September 9th. They now have an “outperform” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of Infoblox (NASDAQ:BLOX) from $35.00 to $44.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Infoblox (NASDAQ:BLOX) from $35.00 to $42.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock.
Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Infoblox has a consensus rating of “Buy” and an average price target of $80.44.
Shares of Infoblox (NASDAQ:BLOX) traded down 1.04% during mid-day trading on Wednesday, hitting $41.71. The stock had a trading volume of 209,653 shares. Infoblox has a 52 week low of $13.73 and a 52 week high of $45.50. The stock has a 50-day moving average of $35.37 and a 200-day moving average of $27.48. The company’s market cap is $2.155 billion.
Infoblox (NASDAQ:BLOX) last released its earnings data on Thursday, September 5th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.05. The company had revenue of $63.10 million for the quarter, compared to the consensus estimate of $59.22 million. During the same quarter last year, the company posted $0.01 earnings per share. Infoblox’s revenue was up 39.9% compared to the same quarter last year. On average, analysts predict that Infoblox will post $0.53 earnings per share for the current fiscal year.
Infoblox Inc (NASDAQ:BLOX) is an automated network controller.