Multiple Insider Sale at Nimble Storage Inc. (NMBL)


Insiders at Nimble Storage Inc. (NYSE:NMBL) made a strong impact on the firm yesterday, due to simultaneous stock sales. For one, Christopher Schaepe, a large shareholder at the company, unloaded a total of 20,000 shares of Common Stock, selling 10,000 on Wednesday for $30.08 per share and 10,000 yesterday for $30.02 per share. He still has 24,924 shares to his name.

A second large shareholder at the data storage firm, Peter Nieh, also disposed of 10,000 shares of Common Stock on Wednesday, receiving $30.09 per share. Furthermore, Nimble Storage’s Chief Technology Officer, Umesh Maheshwari, continued with his row of stock sale, which commenced earlier this month. Yesterday’s disposition accounted for 16,000 shares, which were sold for the aforementioned price.

Nonetheless, in spite of this month’s insider sales, several hedge funds remain confident about their position as shareholders, such as Artis Capital Management, run by Stuart Peterson, which holds 2.55 million shares, worth $96.7 million, accounting for 92.61% of the hedge fund’s portfolio.

Disclosure: none