Sudheesh Nair Vadakkedath Sells 40,000 Shares of Nutanix Inc (NASDAQ:NTNX) Stock

Nutanix Inc (NASDAQ:NTNX) President Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $36.87, for a total value of $1,474,800.00. Following the sale, the president now directly owns 193,856 shares in the company, valued at approximately $7,147,470.72. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, December 26th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were sold at an average price of $34.35, for a total value of $1,717,500.00.
  • On Tuesday, December 12th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The shares were sold at an average price of $35.29, for a total value of $3,176,100.00.
  • On Monday, November 27th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The shares were 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.

Shares of Nutanix Inc (NTNX) traded up $0.72 during trading on Wednesday, hitting $36.73. The company’s stock had a trading volume of 3,643,208 shares, compared to its average volume of 2,970,764. Nutanix Inc has a 12 month low of $14.38 and a 12 month high of $38.80. The company has a market capitalization of $5,890.00 and a P/E ratio of -15.18.

Nutanix (NASDAQ:NTNX) last announced its quarterly earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.10. Nutanix had a negative return on equity of 271.31% and a negative net margin of 40.81%. The company had revenue of $275.60 million during the quarter, compared to the consensus estimate of $267.02 million. During the same period in the prior year, the company earned ($0.37) earnings per share. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. sell-side analysts predict that Nutanix Inc will post -1.71 earnings per share for the current fiscal year.

A number of equities analysts have commented on NTNX shares. Vetr raised Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 price objective on the stock in a research note on Monday, October 16th. Morgan Stanley reissued an “equal weight” rating and issued a $22.00 price objective on shares of Nutanix in a research note on Sunday, October 1st. ValuEngine lowered Nutanix from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Maxim Group restated a “buy” rating and set a $51.00 target price on shares of Nutanix in a research report on Friday, December 22nd. Finally, Needham & Company LLC initiated coverage on Nutanix in a research report on Wednesday, November 22nd. They set a “buy” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.30.

Several institutional investors have recently made changes to their positions in the business. Scott & Selber Inc. acquired a new position in shares of Nutanix during the third quarter worth about $1,398,000. Ameriprise Financial Inc. boosted its position in shares of Nutanix by 274.9% during the second quarter. Ameriprise Financial Inc. now owns 582,673 shares of the technology company’s stock worth $11,741,000 after buying an additional 427,255 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Nutanix by 3,462.4% during the second quarter. Goldman Sachs Group Inc. now owns 734,886 shares of the technology company’s stock worth $14,808,000 after buying an additional 714,257 shares during the period. Lenox Wealth Management Inc. acquired a new position in shares of Nutanix during the second quarter worth about $397,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of Nutanix by 1,837.8% during the third quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock worth $1,602,000 after buying an additional 68,000 shares during the period. Institutional investors own 34.13% of the company’s stock.

WARNING: This report was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://baseballnewssource.com/markets/sudheesh-nair-vadakkedath-sells-40000-shares-of-nutanix-inc-ntnx-stock/1823579.html.

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)

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

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.