Insider Selling: Nutanix Inc (NTNX) EVP Sells $353,414.88 in Stock

Nutanix Inc (NASDAQ:NTNX) EVP David Sangster sold 7,917 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $44.64, for a total value of $353,414.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

David Sangster also recently made the following trade(s):

  • On Thursday, November 1st, David Sangster sold 7,916 shares of Nutanix stock. The stock was sold at an average price of $42.56, for a total value of $336,904.96.
  • On Monday, October 1st, David Sangster sold 7,917 shares of Nutanix stock. The stock was sold at an average price of $43.52, for a total value of $344,547.84.
  • On Tuesday, September 18th, David Sangster sold 8,371 shares of Nutanix stock. The stock was sold at an average price of $49.81, for a total value of $416,959.51.

NASDAQ:NTNX opened at $44.43 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.76 and a current ratio of 2.76. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of -26.29 and a beta of 0.67. Nutanix Inc has a 12-month low of $29.34 and a 12-month high of $64.87.



Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Tuesday, November 27th. The technology company reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.24). The business had revenue of $313.28 million during the quarter, compared to the consensus estimate of $305.21 million. Nutanix had a negative net margin of 27.65% and a negative return on equity of 94.01%. Nutanix’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. Equities research analysts predict that Nutanix Inc will post -2.19 EPS for the current fiscal year.

Several research firms recently issued reports on NTNX. JPMorgan Chase & Co. upgraded Nutanix from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $39.00 to $54.00 in a report on Thursday, August 30th. Needham & Company LLC upped their target price on Nutanix from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Raymond James upped their target price on Nutanix from $64.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Morgan Stanley upped their target price on Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, August 31st. Finally, Zacks Investment Research upgraded Nutanix from a “sell” rating to a “hold” rating in a report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $59.74.

A number of large investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC raised its stake in Nutanix by 1.5% in the third quarter. Great Lakes Advisors LLC now owns 69,152 shares of the technology company’s stock valued at $2,954,000 after buying an additional 998 shares during the period. IFP Advisors Inc raised its stake in Nutanix by 14.1% in the second quarter. IFP Advisors Inc now owns 8,146 shares of the technology company’s stock valued at $420,000 after buying an additional 1,004 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Nutanix by 7.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,310 shares of the technology company’s stock valued at $738,000 after buying an additional 1,044 shares during the period. First Midwest Bank Trust Division raised its stake in Nutanix by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 10,383 shares of the technology company’s stock valued at $535,000 after buying an additional 1,207 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Nutanix by 5.7% in the second quarter. Janney Montgomery Scott LLC now owns 24,851 shares of the technology company’s stock valued at $1,282,000 after buying an additional 1,330 shares during the period. Hedge funds and other institutional investors own 50.06% of the company’s stock.

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About Nutanix

Nutanix, Inc, together with its subsidiaries, develops and provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. Its solution addresses a range of workloads, including enterprise applications, databases, virtual desktop infrastructure, unified communications, and big data analytics.

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

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