Nutanix Inc. (NTNX) EVP David Sangster Sells 27,000 Shares
Nutanix Inc. (NASDAQ:NTNX) EVP David Sangster sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $21.13, for a total transaction of $570,510.00. Following the completion of the transaction, the executive vice president now owns 103,500 shares in the company, valued at $2,186,955. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
David Sangster also recently made the following trade(s):
- On Monday, July 31st, David Sangster sold 27,000 shares of Nutanix stock. The stock was sold at an average price of $21.28, for a total transaction of $574,560.00.
- On Thursday, June 29th, David Sangster sold 27,000 shares of Nutanix stock. The stock was sold at an average price of $19.90, for a total transaction of $537,300.00.
- On Monday, June 19th, David Sangster sold 5,890 shares of Nutanix stock. The stock was sold at an average price of $18.06, for a total transaction of $106,373.40.
Shares of Nutanix Inc. (NASDAQ:NTNX) traded down 1.42% on Thursday, reaching $22.16. 4,590,485 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $22.06 and a 200 day moving average price of $20.05. The firm’s market cap is $3.36 billion. Nutanix Inc. has a one year low of $14.38 and a one year high of $46.78. Nutanix also was the target of unusually large options trading on Monday. Stock traders purchased 10,474 call options on the company. This is an increase of approximately 421% compared to the typical daily volume of 2,010 call options.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative return on equity of 248.46% and a negative net margin of 59.72%. The business had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216 million. The company’s revenue was up 61.7% on a year-over-year basis. Analysts expect that Nutanix Inc. will post ($1.05) EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake 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 worth $175,000 after acquiring an additional 8,530 shares during the last quarter. SG Americas Securities LLC bought a new stake in Nutanix in the 2nd quarter worth approximately $186,000. First American Bank bought a new stake in Nutanix in the 2nd quarter worth approximately $205,000. PNC Financial Services Group Inc. bought a new stake in Nutanix in the 2nd quarter worth approximately $208,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Nutanix in the 1st quarter worth approximately $211,000. 32.20% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $34.00 price objective on shares of Nutanix in a research report on Thursday. Piper Jaffray Companies set a $27.00 price objective on shares of Nutanix and gave the stock a “buy” rating in a research report on Saturday, May 27th. Maxim Group restated a “buy” rating and issued a $41.00 price objective on shares of Nutanix in a research report on Saturday, June 3rd. BTIG Research restated a “neutral” rating on shares of Nutanix in a research report on Monday, July 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $34.00 price objective on shares of Nutanix in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Nutanix currently has a consensus rating of “Buy” and a consensus price target of $30.96.
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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