Nutanix (NTNX) President Sudheesh Nair Vadakkedath Sells 40,000 Shares of Stock

Nutanix (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 40,000 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $53.58, for a total value of $2,143,200.00. Following the completion of the transaction, the president now owns 207,247 shares in the company, valued at approximately $11,104,294.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Sudheesh Nair Vadakkedath also recently made the following trade(s):

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  • On Monday, April 2nd, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $48.28, for a total value of $1,931,200.00.
  • On Monday, March 19th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The shares were sold at an average price of $52.37, for a total value of $2,094,800.00.
  • On Monday, March 5th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $38.73, for a total value of $1,549,200.00.
  • On Tuesday, February 20th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $33.94, for a total value of $1,357,600.00.
  • On Monday, February 5th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $30.35, for a total value of $1,214,000.00.
  • On Monday, January 22nd, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $35.52, for a total value of $1,420,800.00.

NASDAQ NTNX opened at $55.51 on Thursday. Nutanix has a twelve month low of $14.38 and a twelve month high of $56.28. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.38. The stock has a market cap of $9,091.16, a P/E ratio of -16.67 and a beta of 0.38.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.06. Nutanix had a negative return on equity of 196.67% and a negative net margin of 33.34%. The business had revenue of $286.70 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same quarter in the previous year, the firm earned ($0.28) EPS. The firm’s revenue was up 44.1% compared to the same quarter last year. analysts expect that Nutanix will post -1.59 EPS for the current year.

Several research firms have recently issued reports on NTNX. Vetr downgraded Nutanix from a “hold” rating to a “sell” rating and set a $52.09 price target for the company. in a research note on Monday. JMP Securities upped their price target on Nutanix from $45.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 14th. Oppenheimer upgraded Nutanix to a “top pick” rating and upped their price target for the stock from $43.00 to $65.00 in a research note on Wednesday, March 14th. Morgan Stanley reiterated an “equal weight” rating and set a $52.00 price target (up previously from $42.00) on shares of Nutanix in a research note on Tuesday, March 13th. Finally, Goldman Sachs downgraded Nutanix from a “conviction-buy” rating to a “buy” rating in a research note on Friday, March 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $48.32.

Several hedge funds and other institutional investors have recently bought and sold shares of NTNX. BlackRock Inc. lifted its position in shares of Nutanix by 89.6% during the 4th quarter. BlackRock Inc. now owns 5,875,339 shares of the technology company’s stock worth $207,282,000 after purchasing an additional 2,776,194 shares during the last quarter. Contour Asset Management LLC acquired a new position in Nutanix in the 4th quarter valued at approximately $35,868,000. Trinity Street Asset Management LLP acquired a new position in Nutanix in the 4th quarter valued at approximately $29,363,000. Cramer Rosenthal Mcglynn LLC raised its holdings in Nutanix by 124.9% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,473,512 shares of the technology company’s stock valued at $51,986,000 after acquiring an additional 818,378 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in Nutanix in the 4th quarter valued at approximately $11,051,000. 43.33% of the stock is owned by institutional investors and hedge funds.

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About Nutanix

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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