Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 90,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $35.29, for a total value of $3,176,100.00. Following the transaction, the president now owns 228,330 shares of the company’s stock, valued at $8,057,765.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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.

Nutanix Inc. (NASDAQ:NTNX) opened at $36.00 on Friday. Nutanix Inc. has a one year low of $14.38 and a one year high of $38.28.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same period last year, the company earned ($0.37) earnings per share. The business’s revenue was up 46.1% compared to the same quarter last year. equities research analysts expect that Nutanix Inc. will post -1.73 EPS for the current fiscal year.

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

A number of research analysts recently issued reports on the company. Vetr upgraded Nutanix from a “buy” rating to a “strong-buy” rating and set a $38.98 price objective for the company in a report on Tuesday. Zacks Investment Research upgraded Nutanix from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, December 6th. Raymond James Financial set a $37.00 price objective on Nutanix and gave the stock a “buy” rating in a report on Monday, December 4th. Royal Bank of Canada reiterated a “buy” rating and set a $40.00 price objective on shares of Nutanix in a report on Friday, December 1st. Finally, Morgan Stanley increased their price objective on Nutanix from $22.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $34.74.

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About Nutanix

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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