Nutanix Inc. (NTNX) President Sudheesh Nair Vadakkedath Sells 90,000 Shares

Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $35.29, for a total value of $3,176,100.00. Following the completion of the transaction, the president now owns 228,330 shares of the company’s stock, valued at $8,057,765.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • 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.
  • On Monday, October 9th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $23.14, for a total value of $578,500.00.
  • On Tuesday, October 10th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The stock was sold at an average price of $24.48, for a total value of $2,203,200.00.
  • On Friday, September 29th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $22.41, for a total value of $560,250.00.
  • On Monday, September 25th, Sudheesh Nair Vadakkedath sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $24.30, for a total value of $607,500.00.
  • On Friday, September 15th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The stock was sold at an average price of $21.39, for a total value of $1,069,500.00.

Shares of Nutanix Inc. (NTNX) traded up $0.11 during trading on Thursday, hitting $35.45. The stock had a trading volume of 4,878,022 shares, compared to its average volume of 4,060,000. Nutanix Inc. has a one year low of $14.38 and a one year high of $38.28.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings data 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. Nutanix had a negative return on equity of 363.55% 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 quarter in the prior year, the business posted ($0.37) EPS. The business’s revenue was up 46.1% compared to the same quarter last year. research analysts forecast that Nutanix Inc. will post -1.73 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC bought a new stake in Nutanix in the 3rd quarter valued at $453,000. Janney Montgomery Scott LLC bought a new stake in Nutanix in the 3rd quarter valued at $441,000. Cubist Systematic Strategies LLC bought a new stake in Nutanix in the 3rd quarter valued at $1,117,000. Granahan Investment Management Inc. MA raised its stake in Nutanix by 24.5% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 126,645 shares of the technology company’s stock valued at $2,836,000 after acquiring an additional 24,907 shares during the period. Finally, First Allied Advisory Services Inc. bought a new stake in Nutanix in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 35.35% of the company’s stock.

NTNX has been the subject of a number of recent research reports. Vetr raised 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. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 price target on shares of Nutanix in a research report on Friday, December 1st. Zacks Investment Research raised Nutanix from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Wednesday, December 6th. Bank of America upped their price target on Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.74.

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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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