Michael Scarpelli Sells 150,000 Shares of Nutanix Inc. (NTNX) Stock
Nutanix Inc. (NASDAQ:NTNX) Director Michael Scarpelli sold 150,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $35.68, for a total transaction of $5,352,000.00. Following the completion of the sale, the director now owns 55,300 shares of the company’s stock, valued at approximately $1,973,104. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Michael Scarpelli also recently made the following trade(s):
- On Thursday, December 7th, Michael Scarpelli sold 55,300 shares of Nutanix stock. The shares were sold at an average price of $35.16, for a total transaction of $1,944,348.00.
Shares of Nutanix Inc. (NASDAQ NTNX) opened at $34.71 on Wednesday. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $38.28.
Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.10. The business had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The business’s revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.37) EPS. equities analysts anticipate that Nutanix Inc. will post -1.73 earnings per share for the current year.
A number of analysts have commented on the stock. Oppenheimer increased their price objective on shares of Nutanix to $40.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Robert W. Baird reiterated a “buy” rating and issued a $28.00 price objective on shares of Nutanix in a report on Friday, September 1st. Susquehanna Bancshares reiterated a “neutral” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Nutanix in a report on Sunday, September 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of Nutanix in a report on Friday, November 24th. Finally, JMP Securities reiterated an “outperform” rating and issued a $35.00 price objective on shares of Nutanix in a report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $34.74.
Large investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. boosted its position in shares of Nutanix by 320.0% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 5,250 shares of the technology company’s stock worth $118,000 after purchasing an additional 4,000 shares during the period. Legal & General Group Plc boosted its position in shares of Nutanix by 3,147.6% during the 2nd 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 purchased a new position in shares of Nutanix during the 2nd quarter worth approximately $186,000. Stifel Financial Corp purchased a new position in shares of Nutanix during the 3rd quarter worth approximately $215,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Nutanix during the 3rd quarter worth approximately $215,000. 35.35% of the stock is owned by hedge funds and other institutional investors.
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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