Nutanix Inc. (NTNX) Insider Sells $215,600.00 in Stock
Nutanix Inc. (NASDAQ:NTNX) insider Sunil Potti sold 10,000 shares of Nutanix stock in a transaction on Friday, September 15th. The stock was sold at an average price of $21.56, for a total value of $215,600.00. Following the transaction, the insider now directly owns 113,603 shares of the company’s stock, valued at approximately $2,449,280.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Sunil Potti also recently made the following trade(s):
- On Tuesday, August 15th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $21.43, for a total transaction of $214,300.00.
- On Monday, July 17th, Sunil Potti sold 10,000 shares of Nutanix stock. The shares were sold at an average price of $22.57, for a total transaction of $225,700.00.
- On Monday, June 26th, Sunil Potti sold 30,000 shares of Nutanix stock. The shares were sold at an average price of $20.00, for a total transaction of $600,000.00.
Nutanix Inc. (NASDAQ:NTNX) traded up 5.43% during trading on Monday, reaching $22.73. The company had a trading volume of 8,026,946 shares. The stock has a 50 day moving average of $21.73 and a 200-day moving average of $24.83. The company’s market capitalization is $3.47 billion. Nutanix Inc. has a 12 month low of $14.38 and a 12 month high of $46.78.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.05. The firm had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix had a negative return on equity of 248.46% and a negative net margin of 59.72%. The business’s revenue for the quarter was up 61.7% compared to the same quarter last year. Equities research analysts expect that Nutanix Inc. will post ($0.96) EPS for the current fiscal year.
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Several research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $34.00 target price on shares of Nutanix in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, September 8th. KeyCorp reissued a “buy” rating and issued a $32.00 target price on shares of Nutanix in a research note on Friday, September 1st. Morgan Stanley boosted their target price on shares of Nutanix from $19.00 to $22.00 and gave the company a “weight” rating in a research note on Friday, September 1st. Finally, Maxim Group reissued a “buy” rating and issued a $41.00 target price on shares of Nutanix in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $31.05.
Several hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its position in Nutanix by 3,147.6% in the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after purchasing an additional 8,530 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Nutanix in the 2nd quarter valued at $186,000. First American Bank acquired a new stake in shares of Nutanix in the 2nd quarter valued at $205,000. PNC Financial Services Group Inc. acquired a new stake in shares of Nutanix in the 2nd quarter valued at $208,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Nutanix in the 1st quarter valued at $211,000. Institutional investors own 32.20% of the company’s stock.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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