Insider Selling: Nutanix Inc (NTNX) President Sells $1,474,800.00 in Stock

Nutanix Inc (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 40,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $36.87, for a total value of $1,474,800.00. Following the completion of the transaction, the president now owns 193,856 shares in the company, valued at approximately $7,147,470.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • 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 value 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 value 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 value 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 value of $1,142,400.00.
  • On Thursday, October 12th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $26.57, for a total value of $1,062,800.00.

Shares of Nutanix Inc (NASDAQ NTNX) opened at $37.84 on Friday. The stock has a market capitalization of $6,070.00 and a P/E ratio of -15.64. Nutanix Inc has a 12-month low of $14.38 and a 12-month high of $38.80.

Nutanix (NASDAQ:NTNX) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $267.02 million. Nutanix had a negative return on equity of 113.75% and a negative net margin of 22.31%. The company’s revenue was up 46.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.37) earnings per share. equities analysts predict that Nutanix Inc will post -1.71 earnings per share for the current fiscal year.

NTNX has been the topic of a number of research reports. ValuEngine downgraded Nutanix from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. William Blair reiterated an “outperform” rating on shares of Nutanix in a report on Friday, October 13th. Zacks Investment Research downgraded Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Bank of America upped their target price on Nutanix from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, Vetr downgraded Nutanix from a “strong-buy” rating to a “buy” rating and set a $27.22 target price on the stock. in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.30.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC boosted its position in Nutanix by 320.6% during the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock worth $242,686,000 after purchasing an additional 9,180,123 shares during the period. Franklin Resources Inc. bought a new stake in Nutanix during the second quarter worth approximately $55,063,000. Artemis Investment Management LLP boosted its position in Nutanix by 17.9% during the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock worth $18,910,000 after purchasing an additional 128,493 shares during the period. Goldman Sachs Group Inc. boosted its position in Nutanix by 3,462.4% during the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after purchasing an additional 714,257 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC bought a new stake in Nutanix during the third quarter worth approximately $14,668,000. 34.13% of the stock is owned by hedge funds and other institutional investors.

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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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