Nutanix, Inc. (NASDAQ:NTNX – Get Rating) CEO Rajiv Ramaswami sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $14.62, for a total value of $73,100.00. Following the transaction, the chief executive officer now directly owns 218,392 shares of the company’s stock, valued at $3,192,891.04. The sale was disclosed in a filing with the Securities & Exchange Commission
Rajiv Ramaswami also recently made the following trade(s):
On Thursday, June 16th, Rajiv Ramaswami sold 50,134 shares of Nutanix stock. The shares were sold at an average price of $13.97, for a total value of $700,371.98.
NASDAQ:NTNX traded down $0.10 during mid-day trading on Wednesday, hitting $14.41. 1,858,446 shares of the stock were exchanged, compared to its average volume of 2,219,516. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of -3.09 and a beta of 1.52. The firm’s 50-day simple moving average is $20.65 and its 200 day simple moving average is $25.40. Nutanix, Inc. has a fifty-two week low of $13.44 and a fifty-two week high of $44.50.
Nutanix (NASDAQ:NTNX – Get Rating) last released its quarterly earnings results on Wednesday, May 25th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.17. The firm had revenue of $403.70 million for the quarter, compared to analyst estimates of $397.90 million. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.87) earnings per share. As a group, equities analysts anticipate that Nutanix, Inc. will post -2.24 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in Nutanix during the 4th quarter worth approximately $32,000. IndexIQ Advisors LLC bought a new position in Nutanix during the 1st quarter worth $33,000. Point72 Hong Kong Ltd bought a new position in Nutanix during the 1st quarter worth $35,000. Loomis Sayles & Co. L P bought a new position in Nutanix during the 4th quarter worth $59,000. Finally, Prospera Financial Services Inc bought a new position in Nutanix during the 1st quarter worth $78,000. 70.43% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. StockNews.com assumed coverage on Nutanix in a research report on Thursday, March 31st. They set a “hold” rating for the company. Needham & Company LLC reduced their price target on Nutanix from $34.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, May 26th. Morgan Stanley reduced their price target on Nutanix from $31.00 to $18.00 and set an “equal weight” rating for the company in a research report on Thursday, May 26th. William Blair cut Nutanix from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 26th. Finally, Bank of America cut Nutanix from a “buy” rating to a “neutral” rating and cut their price objective for the company from $54.00 to $22.00 in a research report on Thursday, May 26th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Nutanix presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.
Nutanix Company Profile (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.