Insider Selling: Nutanix Inc (NTNX) President Sells 40,000 Shares of Stock

Nutanix Inc (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.35, for a total transaction of $1,214,000.00. Following the sale, the president now owns 193,856 shares in the company, valued at $5,883,529.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Sudheesh Nair Vadakkedath also recently made the following trade(s):

  • On Monday, January 22nd, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $35.52, for a total transaction of $1,420,800.00.
  • On Monday, January 8th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $36.87, for a total transaction of $1,474,800.00.
  • On Tuesday, December 26th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were sold at an average price of $34.35, for a total transaction of $1,717,500.00.
  • On Tuesday, December 12th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The shares were sold at an average price of $35.29, for a total transaction of $3,176,100.00.
  • On Monday, November 27th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were sold at an average price of $34.07, for a total transaction of $1,703,500.00.
  • On Monday, November 13th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $28.56, for a total transaction of $1,142,400.00.

Shares of Nutanix Inc (NASDAQ:NTNX) traded up $1.33 during trading hours on Wednesday, hitting $32.56. 4,676,836 shares of the company’s stock were exchanged, compared to its average volume of 3,160,000. Nutanix Inc has a 1-year low of $14.38 and a 1-year high of $38.80. The stock has a market cap of $5,220.00 and a PE ratio of -13.45.

Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The firm had revenue of $275.60 million during the quarter, compared to analysts’ expectations of $267.02 million. During the same period in the previous year, the company earned ($0.37) EPS. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. analysts forecast that Nutanix Inc will post -1.71 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in NTNX. Thompson Davis & CO. Inc. boosted its stake in shares of Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares during the period. US Bancorp DE boosted its stake in shares of Nutanix by 850.6% during the 4th quarter. US Bancorp DE now owns 4,753 shares of the technology company’s stock worth $168,000 after purchasing an additional 4,253 shares during the period. Legal & General Group Plc boosted its stake in shares of Nutanix by 3,147.6% during the 2nd quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after purchasing an additional 8,530 shares during the period. First American Bank purchased a new position in shares of Nutanix during the 4th quarter worth about $207,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Nutanix during the 2nd quarter worth about $208,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Oppenheimer reiterated a “buy” rating and issued a $43.00 price target on shares of Nutanix in a report on Tuesday, January 9th. KeyCorp reiterated an “overweight” rating and issued a $42.00 price target (up from $37.00) on shares of Nutanix in a report on Thursday, January 11th. JPMorgan Chase & Co. downgraded shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a report on Thursday, January 25th. Morgan Stanley lifted their price target on shares of Nutanix from $22.00 to $35.00 and gave the company a “hold” rating in a report on Friday, December 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 price target on shares of Nutanix in a report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $36.30.

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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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