Nutanix, Inc. (NASDAQ:NTNX) CEO Sells $1,499,071.68 in Stock

Nutanix, Inc. (NASDAQ:NTNXGet Rating) CEO Rajiv Ramaswami sold 65,376 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.93, for a total transaction of $1,499,071.68. Following the completion of the transaction, the chief executive officer now directly owns 272,576 shares in the company, valued at approximately $6,250,167.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rajiv Ramaswami also recently made the following trade(s):

  • On Tuesday, June 21st, Rajiv Ramaswami sold 5,000 shares of Nutanix stock. The stock was sold at an average price of $14.62, for a total transaction of $73,100.00.

Nutanix Price Performance

Shares of NASDAQ:NTNX opened at $23.27 on Tuesday. Nutanix, Inc. has a 12 month low of $13.44 and a 12 month high of $42.69. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of -6.38 and a beta of 1.37. The stock’s 50 day moving average price is $18.15 and its 200 day moving average price is $20.19.

Nutanix (NASDAQ:NTNXGet Rating) last announced its earnings results on Wednesday, August 31st. The technology company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.21. The firm had revenue of $385.50 million for the quarter, compared to the consensus estimate of $356.14 million. During the same period in the previous year, the firm earned ($0.68) EPS. Nutanix’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that Nutanix, Inc. will post -1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NTNX. William Blair cut shares of Nutanix from an “outperform” rating to a “market perform” rating in a report on Thursday, May 26th. Piper Sandler raised their target price on shares of Nutanix from $25.00 to $29.00 in a report on Thursday, September 1st. Barclays raised their target price on shares of Nutanix from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, August 29th. Bank of America cut Nutanix from a “buy” rating to a “neutral” rating and cut their price target for the company from $54.00 to $22.00 in a report on Thursday, May 26th. Finally, Morgan Stanley lifted their price target on Nutanix from $18.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, September 1st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $26.92.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in Nutanix by 1,002.3% in the second quarter. Captrust Financial Advisors now owns 6,151 shares of the technology company’s stock worth $90,000 after buying an additional 5,593 shares during the last quarter. Woodline Partners LP grew its position in Nutanix by 36.6% in the second quarter. Woodline Partners LP now owns 1,819,891 shares of the technology company’s stock worth $26,625,000 after buying an additional 487,913 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Nutanix by 3.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 88,498 shares of the technology company’s stock worth $1,295,000 after buying an additional 2,803 shares during the last quarter. Prudential Financial Inc. grew its position in Nutanix by 1.6% in the second quarter. Prudential Financial Inc. now owns 67,646 shares of the technology company’s stock worth $1,694,000 after buying an additional 1,056 shares during the last quarter. Finally, Crosslink Capital Inc. grew its position in Nutanix by 19.5% in the second quarter. Crosslink Capital Inc. now owns 2,009,028 shares of the technology company’s stock worth $29,392,000 after buying an additional 328,080 shares during the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.

About Nutanix

(Get Rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. The company offers Acropolis converges virtualization, enterprise storage services, and networking visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify the provisioning, operations, and lifecycle management of cloud-native environments; and Nutanix Clusters solution.

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