David Sangster Sells 27,000 Shares of Nutanix Inc. (NTNX) Stock
Nutanix Inc. (NASDAQ:NTNX) EVP David Sangster sold 27,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $22.41, for a total transaction of $605,070.00. Following the completion of the sale, the executive vice president now directly owns 90,750 shares of the company’s stock, valued at $2,033,707.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
David Sangster also recently made the following trade(s):
- On Tuesday, September 19th, David Sangster sold 5,891 shares of Nutanix stock. The stock was sold at an average price of $22.39, for a total transaction of $131,899.49.
- On Tuesday, September 5th, David Sangster sold 27,000 shares of Nutanix stock. The stock was sold at an average price of $21.13, for a total transaction of $570,510.00.
- On Monday, July 31st, David Sangster sold 27,000 shares of Nutanix stock. The stock was sold at an average price of $21.28, for a total transaction of $574,560.00.
Nutanix Inc. (NASDAQ:NTNX) opened at 22.85 on Thursday. The company’s 50-day moving average is $22.64 and its 200 day moving average is $22.64. The firm’s market capitalization is $3.54 billion. Nutanix Inc. has a 1-year low of $21.21 and a 1-year high of $39.90.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. The firm’s revenue for the quarter was up 61.7% on a year-over-year basis. On average, equities analysts expect that Nutanix Inc. will post ($0.94) EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in 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 purchasing an additional 8,530 shares during the period. SG Americas Securities LLC bought a new position in Nutanix during the second quarter worth $186,000. First American Bank bought a new position in Nutanix during the second quarter worth $205,000. PNC Financial Services Group Inc. bought a new position in Nutanix during the second quarter worth $208,000. Finally, Oppenheimer & Co. Inc. bought a new position in Nutanix during the first quarter worth $211,000. 31.48% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on NTNX. Stifel Nicolaus set a $25.00 price objective on shares of Nutanix and gave the stock a “hold” rating in a report on Tuesday, August 15th. Maxim Group reaffirmed a “buy” rating and set a $41.00 price objective on shares of Nutanix in a report on Friday, September 22nd. Jefferies Group LLC began coverage on shares of Nutanix in a report on Thursday, August 17th. They set a “buy” rating and a $30.00 price objective for the company. Robert W. Baird reaffirmed a “buy” rating and set a $31.00 price objective (up from $28.00) on shares of Nutanix in a report on Monday, September 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $22.00 price objective on shares of Nutanix in a report on Sunday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.43.
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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