Nutanix Inc. (NASDAQ:NTNX) SVP Rajiv Mirani sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $21.55, for a total transaction of $431,000.00. Following the sale, the senior vice president now owns 271,000 shares of the company’s stock, valued at $5,840,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Rajiv Mirani also recently made the following trade(s):
- On Thursday, July 13th, Rajiv Mirani sold 20,000 shares of Nutanix stock. The stock was sold at an average price of $19.63, for a total transaction of $392,600.00.
- On Monday, June 26th, Rajiv Mirani sold 4,600 shares of Nutanix stock. The stock was sold at an average price of $20.02, for a total transaction of $92,092.00.
- On Wednesday, June 28th, Rajiv Mirani sold 25,000 shares of Nutanix stock. The stock was sold at an average price of $20.05, for a total transaction of $501,250.00.
- On Thursday, June 15th, Rajiv Mirani sold 20,000 shares of Nutanix stock. The stock was sold at an average price of $17.16, for a total transaction of $343,200.00.
Nutanix Inc. (NASDAQ NTNX) opened at 21.91 on Friday. The firm’s market capitalization is $3.32 billion. The firm’s 50-day moving average is $21.50 and its 200 day moving average is $21.01. Nutanix Inc. has a 12 month low of $14.38 and a 12 month high of $46.78.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, May 25th. The technology company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. The business had revenue of $191.76 million for the quarter, compared to the consensus estimate of $186.56 million. Nutanix had a negative net margin of 61.32% and a negative return on equity of 5,196.17%. The firm’s quarterly revenue was up 67.2% on a year-over-year basis. On average, analysts expect that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.
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NTNX has been the subject of several research reports. Maxim Group restated a “buy” rating and set a $41.00 price objective on shares of Nutanix in a research report on Saturday, June 3rd. Piper Jaffray Companies set a $27.00 price objective on shares of Nutanix and gave the stock a “buy” rating in a research report on Saturday, May 27th. Robert W. Baird restated a “buy” rating on shares of Nutanix in a research report on Friday, May 26th. Bank of America Corporation reiterated a “buy” rating and issued a $27.00 price target on shares of Nutanix in a research report on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $31.41.
A number of large investors have recently made changes to their positions in the company. FMR LLC raised its stake in shares of 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 buying an additional 9,180,123 shares during the period. Sapphire Ventures L.L.C. purchased a new stake in shares of Nutanix during the first quarter worth about $51,506,000. Franklin Resources Inc. purchased a new stake in shares of Nutanix during the second quarter worth about $55,063,000. Raging Capital Management LLC purchased a new stake in shares of Nutanix during the first quarter worth about $27,315,000. Finally, Vanguard Group Inc. raised its stake in shares of Nutanix by 65.5% in the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock worth $61,480,000 after buying an additional 1,295,813 shares during the period. 19.64% of the stock is currently owned by institutional investors and hedge funds.
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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