Nutanix Inc. (NASDAQ:NTNX) Director Michael Scarpelli sold 55,300 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $35.16, for a total transaction of $1,944,348.00. Following the completion of the transaction, the director now owns 55,300 shares in the company, valued at $1,944,348. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Scarpelli also recently made the following trade(s):

  • On Monday, December 11th, Michael Scarpelli sold 150,000 shares of Nutanix stock. The shares were sold at an average price of $35.68, for a total transaction of $5,352,000.00.

Shares of Nutanix Inc. (NTNX) traded up $0.93 during trading on Monday, reaching $35.99. 3,142,510 shares of the company’s stock were exchanged, compared to its average volume of 3,163,037. Nutanix Inc. has a 12-month low of $14.38 and a 12-month high of $38.28.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.37) earnings per share. equities analysts predict that Nutanix Inc. will post -1.73 EPS for the current fiscal year.

Several research firms have commented on NTNX. Raymond James Financial set a $37.00 price objective on shares of Nutanix and gave the company a “buy” rating in a report on Monday, December 4th. Vetr downgraded shares of Nutanix from a “strong-buy” rating to a “buy” rating and set a $38.31 price objective on the stock. in a report on Monday, December 4th. Morgan Stanley upped their price objective on shares of Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a report on Friday, December 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price objective on shares of Nutanix in a report on Friday, December 1st. Finally, Needham & Company LLC upped their price objective on shares of Nutanix from $45.00 to $48.00 and gave the company a “buy” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Nutanix currently has an average rating of “Buy” and a consensus target price of $34.71.

Institutional investors have recently made changes to their positions in the business. Thompson Davis & CO. Inc. grew its stake in Nutanix by 320.0% during the third quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after buying an additional 4,000 shares in the last quarter. Legal & General Group Plc grew its stake in Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Nutanix during the second quarter worth about $186,000. Stifel Financial Corp acquired a new stake in Nutanix during the third quarter worth about $215,000. Finally, First Allied Advisory Services Inc. acquired a new stake in Nutanix during the third quarter worth about $215,000. Hedge funds and other institutional investors own 35.35% of the company’s stock.

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About Nutanix

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.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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