Nutanix Inc. (NASDAQ:NTNX) EVP David Sangster sold 27,000 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $27.92, for a total transaction of $753,840.00. Following the completion of the sale, the executive vice president now directly owns 78,000 shares in the company, valued at approximately $2,177,760. The sale 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 Friday, September 29th, David Sangster sold 27,000 shares of Nutanix stock. The stock was sold at an average price of $22.41, for a total transaction of $605,070.00.
  • 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.

Nutanix (NASDAQ:NTNX) last released its earnings results 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. The company had revenue of $226.10 million for the quarter, compared to analysts’ expectations of $216.00 million. Nutanix had a negative return on equity of 295.56% and a negative net margin of 59.72%. The firm’s revenue was up 61.7% compared to the same quarter last year.

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NTNX has been the topic of a number of research reports. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price objective on the stock in a research report on Monday, October 16th. BTIG Research reissued a “hold” rating and issued a $22.00 price objective on shares of Nutanix in a research report on Friday, September 1st. Zacks Investment Research raised shares of Nutanix from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, September 8th. JMP Securities reissued an “outperform” rating and issued a $35.00 price objective on shares of Nutanix in a research report on Sunday, September 3rd. Finally, Credit Suisse Group reissued a “buy” rating and issued a $38.00 price objective on shares of Nutanix in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $30.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NTNX. Thompson Davis & CO. Inc. raised its stake 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 raised its stake 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 bought a new stake in shares of Nutanix during the 2nd quarter worth $186,000. First American Bank bought a new stake in shares of Nutanix during the 2nd quarter worth $205,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Nutanix during the 2nd quarter worth $208,000. Institutional investors own 31.34% 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.

Insider Buying and Selling by Quarter for Nutanix (NASDAQ:NTNX)

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