Sudheesh Nair Vadakkedath Sells 90,000 Shares of Nutanix Inc. (NTNX) Stock

Nutanix Inc. (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 90,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the president now directly owns 228,330 shares in the company, valued at $8,057,765.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.

Shares of Nutanix Inc. (NASDAQ:NTNX) traded down $1.28 during trading on Wednesday, hitting $34.71. The stock had a trading volume of 3,451,800 shares, compared to its average volume of 3,164,246. Nutanix Inc. has a 52-week low of $14.38 and a 52-week high of $38.28.

Nutanix (NASDAQ:NTNX) last issued its quarterly earnings data 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. The firm had revenue of $275.60 million during the quarter, compared to analyst estimates of $267.02 million. Nutanix had a negative return on equity of 363.55% and a negative net margin of 40.81%. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.37) earnings per share. sell-side analysts forecast that Nutanix Inc. will post -1.73 EPS for the current year.

NTNX has been the topic of a number of recent research reports. William Blair reaffirmed a “buy” rating on shares of Nutanix in a report on Thursday, August 31st. JMP Securities reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Nutanix in a report on Sunday, September 3rd. ValuEngine cut Nutanix from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Zacks Investment Research cut Nutanix from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Oppenheimer reissued a “buy” rating and set a $34.00 price target on shares of Nutanix in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. Nutanix has an average rating of “Buy” and a consensus target price of $34.74.

Institutional investors have recently modified their holdings of the company. FMR LLC grew its position in Nutanix by 320.6% in the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock worth $242,686,000 after acquiring an additional 9,180,123 shares in the last quarter. Franklin Resources Inc. purchased a new position in Nutanix in the second quarter worth about $55,063,000. Goldman Sachs Group Inc. grew its position in Nutanix by 3,462.4% in the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after acquiring an additional 714,257 shares in the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new position in Nutanix in the third quarter worth about $14,668,000. Finally, New York State Common Retirement Fund grew its position in Nutanix by 1,771.2% in the second quarter. New York State Common Retirement Fund now owns 527,700 shares of the technology company’s stock worth $10,633,000 after acquiring an additional 499,499 shares in the last quarter. Hedge funds and other institutional investors own 35.35% of the company’s stock.

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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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