Nutanix Inc (NTNX) EVP David Sangster Sells 7,916 Shares of Stock

Nutanix Inc (NASDAQ:NTNX) EVP David Sangster sold 7,916 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $42.56, for a total value of $336,904.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Sangster also recently made the following trade(s):

  • On Monday, October 1st, David Sangster sold 7,917 shares of Nutanix stock. The shares were sold at an average price of $43.52, for a total value of $344,547.84.
  • On Tuesday, September 18th, David Sangster sold 8,371 shares of Nutanix stock. The shares were sold at an average price of $49.81, for a total value of $416,959.51.
  • On Tuesday, September 4th, David Sangster sold 7,916 shares of Nutanix stock. The shares were sold at an average price of $55.75, for a total value of $441,317.00.

Shares of NASDAQ:NTNX traded down $0.26 during trading on Friday, hitting $43.09. 1,661,317 shares of the company were exchanged, compared to its average volume of 3,393,588. The company has a market cap of $7.18 billion, a P/E ratio of -25.50 and a beta of 0.64. Nutanix Inc has a 52-week low of $26.97 and a 52-week high of $64.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.76 and a quick ratio of 2.76.

Nutanix (NASDAQ:NTNX) last posted its earnings results on Thursday, August 30th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.37. The firm had revenue of $303.75 million for the quarter, compared to the consensus estimate of $298.30 million. Nutanix had a negative return on equity of 92.86% and a negative net margin of 25.72%. On average, analysts expect that Nutanix Inc will post -2.18 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in shares of Nutanix in the third quarter worth $132,000. Tower Research Capital LLC TRC purchased a new stake in shares of Nutanix in the second quarter worth $174,000. Cerebellum GP LLC purchased a new stake in shares of Nutanix in the third quarter worth $188,000. First American Bank purchased a new stake in shares of Nutanix in the third quarter worth $210,000. Finally, AMP Capital Investors Ltd purchased a new stake in shares of Nutanix in the second quarter worth $232,000. Hedge funds and other institutional investors own 48.71% of the company’s stock.

NTNX has been the subject of several research reports. Raymond James reduced their price objective on Nutanix from $74.00 to $71.00 and set a “buy” rating for the company in a report on Tuesday, September 25th. Needham & Company LLC increased their price objective on Nutanix from $65.00 to $71.00 and gave the company a “buy” rating in a report on Friday, August 31st. Morgan Stanley increased their price objective on Nutanix from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Friday, August 31st. Zacks Investment Research raised Nutanix from a “sell” rating to a “hold” rating in a report on Friday, August 31st. Finally, Jefferies Financial Group lowered Nutanix from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. Nutanix presently has a consensus rating of “Buy” and a consensus target price of $57.55.

About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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

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