Insider Selling: Nutanix Inc (NTNX) President Sells 25,000 Shares of Stock
Nutanix Inc (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $21.99, for a total transaction of $549,750.00. Following the completion of the transaction, the president now directly owns 110,519 shares of the company’s stock, valued at approximately $2,430,312.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sudheesh Nair Vadakkedath also recently made the following trade(s):
- On Monday, September 11th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The shares were sold at an average price of $21.82, for a total transaction of $545,500.00.
- On Wednesday, September 13th, Sudheesh Nair Vadakkedath sold 75,000 shares of Nutanix stock. The shares were sold at an average price of $21.88, for a total transaction of $1,641,000.00.
Nutanix Inc (NASDAQ:NTNX) traded down 2.10% during midday trading on Wednesday, reaching $21.49. 3,432,012 shares of the company’s stock were exchanged. Nutanix Inc has a 12 month low of $21.30 and a 12 month high of $46.78. The stock’s market cap is $3.28 billion. The firm has a 50 day moving average of $22.00 and a 200-day moving average of $26.99.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.05. The firm had revenue of $226.10 million for the quarter, compared to the consensus estimate of $216.00 million. Nutanix had a negative net margin of 40.09% and a negative return on equity of 506.98%. The firm’s revenue for the quarter was up 61.7% compared to the same quarter last year. On average, equities research analysts predict that Nutanix Inc will post ($0.98) earnings per share for the current year.
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Several hedge funds have recently bought and sold shares of NTNX. Legal & General Group Plc raised its stake in shares of Nutanix by 3,147.6% during the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after acquiring an additional 8,530 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Nutanix in the second quarter worth approximately $186,000. First American Bank bought a new position in shares of Nutanix in the second quarter worth approximately $205,000. PNC Financial Services Group Inc. bought a new position in shares of Nutanix in the second quarter worth approximately $208,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Nutanix in the first quarter worth approximately $211,000. 32.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on NTNX. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Friday, September 8th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $34.00 price objective on shares of Nutanix in a research note on Thursday, September 7th. BTIG Research reiterated a “hold” rating and issued a $22.00 price objective on shares of Nutanix in a research note on Friday, September 1st. JMP Securities reiterated an “outperform” rating and issued a $35.00 price objective on shares of Nutanix in a research note on Sunday, September 3rd. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $21.00 target price (up from $19.00) on shares of Nutanix in a research report on Sunday, September 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.69.
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.
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