Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 456,623 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $29.51, for a total transaction of $13,474,944.73. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Nutanix Inc. (NASDAQ NTNX) traded up $3.26 on Friday, reaching $36.06. 20,915,961 shares of the company’s stock traded hands, compared to its average volume of 3,135,680. Nutanix Inc. has a 52 week low of $14.38 and a 52 week high of $38.28.
Nutanix (NASDAQ:NTNX) last announced its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 363.55%. The company had revenue of $275.60 million for the quarter, compared to analysts’ expectations of $267.02 million. During the same quarter in the previous year, the company posted ($0.37) EPS. The firm’s quarterly revenue was up 46.1% on a year-over-year basis. sell-side analysts forecast that Nutanix Inc. will post -2.19 earnings per share for the current year.
NTNX has been the topic of a number of analyst reports. William Blair reaffirmed a “buy” rating on shares of Nutanix in a research note on Thursday, August 31st. JMP Securities reaffirmed an “outperform” rating and set a $35.00 price objective on shares of Nutanix in a research note on Sunday, September 3rd. ValuEngine cut shares of Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Nutanix from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $34.00 price objective on shares of Nutanix in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen 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 an average target price of $33.93.
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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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