Rajiv Mirani Sells 20,000 Shares of Nutanix Inc. (NASDAQ:NTNX) Stock

Nutanix Inc. (NASDAQ:NTNX) SVP Rajiv Mirani sold 20,000 shares of Nutanix stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $19.63, for a total transaction of $392,600.00. Following the transaction, the senior vice president now owns 271,000 shares in the company, valued at $5,319,730. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Rajiv Mirani also recently made the following trade(s):

  • 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) traded up 2.85% during midday trading on Monday, hitting $22.75. 9,607,283 shares of the company traded hands. The stock’s 50-day moving average is $17.95 and its 200-day moving average is $22.68. The firm’s market capitalization is $3.45 billion. 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.45) by $0.32. The business had revenue of $191.76 million during 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% compared to the same quarter last year. Analysts anticipate that Nutanix Inc. will post ($1.45) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sapphire Ventures L.L.C. purchased a new position in shares of Nutanix during the first quarter worth approximately $51,506,000. Raging Capital Management LLC purchased a new position in shares of Nutanix during the first quarter worth approximately $27,315,000. Vanguard Group Inc. increased its position 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. Macquarie Group Ltd. increased its position in shares of Nutanix by 418.5% in the fourth quarter. Macquarie Group Ltd. now owns 1,366,367 shares of the technology company’s stock worth $36,291,000 after buying an additional 1,102,841 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Nutanix during the first quarter worth approximately $11,262,000. 18.42% of the stock is owned by institutional investors.

Several equities analysts have weighed in on NTNX shares. Pacific Crest reiterated an “overweight” rating and set a $34.00 price objective on shares of Nutanix in a research report on Tuesday, March 21st. FBN Securities upgraded shares of Nutanix from a “sector perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Thursday, March 30th. Piper Jaffray Companies reiterated an “outperform” rating on shares of Nutanix in a research report on Sunday, April 2nd. Bank of America Corporation started coverage on shares of Nutanix in a research report on Thursday, April 6th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Nutanix in a research report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $32.01.

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.

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