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 stock in a transaction that occurred on Monday, January 8th. The stock was 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 of the company’s stock, valued at $7,147,470.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $35.52, for a total value of $1,420,800.00.
  • On Tuesday, December 26th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $26.57, for a total value of $1,062,800.00.

Nutanix Inc (NASDAQ NTNX) traded down $0.85 during trading on Friday, reaching $31.26. The company’s stock had a trading volume of 3,177,298 shares, compared to its average volume of 3,315,842. Nutanix Inc has a one year low of $14.38 and a one year high of $38.80. The firm has a market capitalization of $5,014.85, a PE ratio of -12.92 and a beta of 4.84.

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

A number of institutional investors have recently bought and sold shares of NTNX. Brown Advisory Inc. increased its position in shares of Nutanix by 4.4% during the third quarter. Brown Advisory Inc. now owns 76,570 shares of the technology company’s stock worth $1,714,000 after purchasing an additional 3,254 shares in the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in shares of Nutanix by 96.2% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 7,989 shares of the technology company’s stock worth $282,000 after purchasing an additional 3,918 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of 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 purchasing an additional 4,000 shares in the last quarter. US Bancorp DE increased its position in shares of Nutanix by 850.6% during the fourth 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 in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Nutanix by 54.7% during the third quarter. Legal & General Group Plc now owns 13,615 shares of the technology company’s stock worth $305,000 after purchasing an additional 4,814 shares in the last quarter. Institutional investors own 34.67% of the company’s stock.

NTNX has been the subject of several research analyst reports. Vetr upgraded Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price target for the company in a research report on Monday, October 16th. ValuEngine lowered Nutanix from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Maxim Group restated a “buy” rating and set a $51.00 price target on shares of Nutanix in a research report on Friday, December 22nd. Needham & Company LLC initiated coverage on Nutanix in a research report on Wednesday, November 22nd. They set a “buy” rating and a $45.00 price target for the company. Finally, Zacks Investment Research lowered Nutanix from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Nutanix currently has a consensus rating of “Buy” and an average price target of $35.78.

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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.

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

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