Nutanix Inc (NASDAQ:NTNX) major shareholder Peter Nieh sold 63,227 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $49.62, for a total transaction of $3,137,323.74. Following the transaction, the insider now directly owns 200,000 shares in the company, valued at $9,924,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of NASDAQ NTNX traded down $1.97 during mid-day trading on Friday, hitting $49.84. The company had a trading volume of 4,516,829 shares, compared to its average volume of 4,625,135. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.10 and a current ratio of 3.10. Nutanix Inc has a 12 month low of $14.38 and a 12 month high of $55.25. The stock has a market cap of $8,258.12, a PE ratio of -14.97 and a beta of 0.38.
Nutanix (NASDAQ:NTNX) last released its earnings results on Thursday, March 1st. The technology company reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.06. Nutanix had a negative net margin of 33.34% and a negative return on equity of 196.67%. The business had revenue of $286.70 million during the quarter, compared to analysts’ expectations of $283.22 million. During the same quarter last year, the company earned ($0.28) earnings per share. The firm’s revenue was up 44.1% on a year-over-year basis. research analysts forecast that Nutanix Inc will post -1.59 earnings per share for the current fiscal year.
Several equities analysts have commented on NTNX shares. Vetr downgraded shares of Nutanix from a “buy” rating to a “sell” rating and set a $31.98 target price on the stock. in a research report on Tuesday, February 20th. JPMorgan Chase downgraded shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research report on Thursday, January 25th. Oppenheimer reissued a “buy” rating and set a $43.00 target price on shares of Nutanix in a research report on Tuesday, January 9th. Maxim Group reissued a “buy” rating and set a $51.00 target price on shares of Nutanix in a research report on Friday, December 22nd. Finally, Robert W. Baird reissued a “buy” rating and set a $41.00 target price on shares of Nutanix in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.05.
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Nutanix Company Profile
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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