Nutanix Inc. (NTNX) EVP David Sangster Sells 5,891 Shares
Nutanix Inc. (NASDAQ:NTNX) EVP David Sangster sold 5,891 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $22.39, for a total value of $131,899.49. Following the completion of the transaction, the executive vice president now owns 89,000 shares in the company, valued at $1,992,710. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
David Sangster also recently made the following trade(s):
- 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 value 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 value of $574,560.00.
- On Thursday, June 29th, David Sangster sold 27,000 shares of Nutanix stock. The stock was sold at an average price of $19.90, for a total value of $537,300.00.
Nutanix Inc. (NTNX) traded down 3.21% during midday trading on Tuesday, reaching $22.00. The company’s stock had a trading volume of 4,138,916 shares. The stock’s market cap is $3.36 billion. Nutanix Inc. has a one year low of $21.21 and a one year high of $46.78. The stock’s 50 day moving average price is $21.90 and its 200-day moving average price is $22.06.
Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. The technology company reported ($0.33) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%. The company had revenue of $226.10 million for the quarter, compared to analyst estimates of $216.00 million. Nutanix’s revenue was up 61.7% on a year-over-year basis. On average, analysts forecast that Nutanix Inc. will post ($0.97) EPS for the current fiscal year.
A number of equities analysts have recently issued reports on the company. Piper Jaffray Companies set a $27.00 price target on Nutanix and gave the stock a “buy” rating in a research note on Saturday, May 27th. Maxim Group restated a “buy” rating and issued a $41.00 price target on shares of Nutanix in a research note on Saturday, June 3rd. BTIG Research restated a “neutral” rating on shares of Nutanix in a research note on Monday, July 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research note on Friday, June 30th. Finally, Jefferies Group LLC assumed coverage on Nutanix in a research note on Thursday, August 17th. They issued a “buy” rating and a $30.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Nutanix presently has an average rating of “Buy” and an average target price of $31.05.
Institutional investors have recently modified their holdings of the business. Legal & General Group Plc raised its position in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after acquiring an additional 8,530 shares during the period. SG Americas Securities LLC acquired a new position in shares of Nutanix in the second quarter worth about $186,000. First American Bank acquired a new position in shares of Nutanix in the second quarter worth about $205,000. PNC Financial Services Group Inc. acquired a new position in shares of Nutanix in the second quarter worth about $208,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Nutanix in the first quarter worth about $211,000. Institutional investors and hedge funds own 32.20% of the company’s stock.
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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