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

Nutanix Inc. (NASDAQ:NTNX) SVP Rajiv Mirani sold 20,000 shares of the company’s stock in a transaction dated 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 approximately $5,319,730. The sale was disclosed in a filing with the SEC, which can be accessed 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 value of $343,200.00.

Shares of Nutanix Inc. (NASDAQ NTNX) opened at 21.48 on Friday. The company has a 50-day moving average price of $21.19 and a 200-day moving average price of $21.32. The company’s market cap is $3.25 billion. Nutanix Inc. has a 1-year low of $14.38 and a 1-year high of $46.78.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings data on Thursday, May 25th. The technology company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.32. Nutanix had a negative return on equity of 5,196.17% and a negative net margin of 61.32%. The business had revenue of $191.76 million during the quarter, compared to analysts’ expectations of $186.56 million. Nutanix’s quarterly revenue was up 67.2% compared to the same quarter last year. Equities research analysts expect that Nutanix Inc. will post ($1.45) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of NTNX. Legal & General Group Plc boosted its position in shares of Nutanix by 3,147.6% in the second quarter. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock worth $175,000 after buying an additional 8,530 shares in the last quarter. SG Americas Securities LLC bought a new stake in Nutanix during the second quarter worth about $186,000. First American Bank bought a new stake in Nutanix during the second quarter worth about $205,000. PNC Financial Services Group Inc. bought a new stake in Nutanix during the second quarter worth about $208,000. Finally, Oppenheimer & Co. Inc. bought a new stake in Nutanix during the first quarter worth about $211,000. 19.16% of the stock is currently owned by hedge funds and other institutional investors.

NTNX has been the subject of several recent research reports. Maxim Group reissued a “buy” rating and set a $41.00 price objective on shares of Nutanix in a report on Friday, May 26th. Pacific Crest reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Nutanix in a research note on Tuesday, May 30th. JMP Securities set a $35.00 price target on Nutanix and gave the company a “buy” rating in a research note on Tuesday, April 18th. Stifel Nicolaus reaffirmed a “neutral – hold” rating on shares of Nutanix in a research note on Friday, June 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price target on shares of Nutanix in a research note on Sunday, May 28th. One equities 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 assigned a strong buy rating to the company. 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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