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.
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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