David Sangster Sells 8,371 Shares of Nutanix Inc (NTNX) Stock

Share on StockTwits

Nutanix Inc (NASDAQ:NTNX) EVP David Sangster sold 8,371 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $49.81, for a total transaction of $416,959.51. Following the completion of the sale, the executive vice president now directly owns 12,500 shares in the company, valued at $622,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, October 1st, David Sangster sold 7,917 shares of Nutanix stock. The shares were sold at an average price of $43.52, for a total transaction of $344,547.84.
  • On Tuesday, September 4th, David Sangster sold 7,916 shares of Nutanix stock. The shares were sold at an average price of $55.75, for a total transaction of $441,317.00.
  • On Wednesday, August 1st, David Sangster sold 7,917 shares of Nutanix stock. The shares were sold at an average price of $3,193.08, for a total transaction of $25,279,614.36.
  • On Monday, July 2nd, David Sangster sold 7,917 shares of Nutanix stock. The shares were sold at an average price of $51.62, for a total transaction of $408,675.54.

Shares of NASDAQ:NTNX traded up $2.87 during trading hours on Friday, hitting $41.46. 3,218,893 shares of the company’s stock traded hands, compared to its average volume of 3,653,003. Nutanix Inc has a 52 week low of $25.50 and a 52 week high of $64.87. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.31. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of -24.53 and a beta of 0.69.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, August 30th. The technology company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.37. Nutanix had a negative net margin of 25.72% and a negative return on equity of 92.86%. The company had revenue of $303.75 million during the quarter, compared to analyst estimates of $298.30 million. On average, research analysts forecast that Nutanix Inc will post -2.18 earnings per share for the current year.

A number of analysts have weighed in on NTNX shares. JPMorgan Chase & Co. raised shares of Nutanix from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $39.00 to $54.00 in a report on Thursday, August 30th. Needham & Company LLC increased their target price on shares of 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 price target on shares of Nutanix from $64.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, August 31st. Morgan Stanley upped their price target on shares of Nutanix from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Friday, August 31st. Finally, Zacks Investment Research upgraded shares of Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. Nutanix currently has a consensus rating of “Buy” and a consensus target price of $57.55.

Several large investors have recently bought and sold shares of NTNX. Tower Research Capital LLC TRC purchased a new stake in Nutanix during the second quarter valued at about $174,000. Cerebellum GP LLC purchased a new stake in Nutanix during the third quarter valued at about $188,000. Thompson Siegel & Walmsley LLC lifted its stake in Nutanix by 97.6% during the first quarter. Thompson Siegel & Walmsley LLC now owns 4,150 shares of the technology company’s stock valued at $204,000 after buying an additional 2,050 shares in the last quarter. Aperio Group LLC purchased a new stake in Nutanix during the first quarter valued at about $205,000. Finally, AMP Capital Investors Ltd purchased a new stake in Nutanix during the second quarter valued at about $232,000. Institutional investors own 49.44% of the company’s stock.

Nutanix Company Profile

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.

Further Reading: NASDAQ

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

Receive News & Ratings for Nutanix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutanix and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.