Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nutanix Inc. shares valued at $73,080 were sold by RAMASWAMI RAJIV on Jun 21. At $14.62 per share, RAMASWAMI RAJIV sold 5,000 shares. The insider’s holdings dropped to 218,392 shares worth approximately $3.15 million following the completion of this transaction.
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Also, RAMASWAMI RAJIV sold 50,134 shares, netting a total of over 700,372 in proceeds. Following the sale of shares at $13.97 each, the insider now holds 223,392 shares.
Before that, Sangster David had sold 17,285 shares from its account. In a trade valued at $241,471, the Chief Operating Officer traded Nutanix Inc. shares for $13.97 each. Upon closing the transaction, the insider’s holdings decreased to 17,285 shares, worth approximately $2.55 million.
As published in a research note from William Blair on May 26, 2022, Nutanix Inc. [NTNX] has been rated down from an Outperform to a Mkt perform. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of January 19, 2022, KeyBanc Capital Markets has initiated its “an Overweight” rating for NTNX. Earlier on September 02, 2021, Needham resumed its rating. Their recommendation was “a Buy” for NTNX stock.
Analyzing NTNX’s Price Performance
On Wednesday, Nutanix Inc. [NASDAQ: NTNX] plunged -0.69% to $14.41. The stock’s lowest price that day was $14.20, but it reached a high of $14.965 in the same session. During the last five days, there has been a surge of approximately 4.80%. Over the course of the year, Nutanix Inc. shares have dropped approximately -54.77%. Shares of the company reached a 52-week high of $32.14 on 01/03/22 and a 52-week low of $13.44 on 06/13/22. A 50-day SMA is recorded $20.84, while a 200-day SMA reached $29.00. Nevertheless, trading volume fell to 1.86 million shares from 2.36 million shares the previous day.
Support And Resistance Levels for Nutanix Inc. (NTNX)
According to the 24-hour chart, there is a support level at 14.09, which, if violated, would cause prices to drop to 13.76. In the upper region, resistance lies at 14.85. The next price resistance is at 15.29. RSI (Relative Strength Index) is 32.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 71.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Nutanix Inc. subject to short interest?
Stocks of Nutanix Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by 100000.0 shares to 6.08 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 6.18 million shares. A decline of -1.64% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.38 of the overall float, the days-to-cover ratio (short ratio) decline to 4.38.
Which companies own the most shares of Nutanix Inc. (NTNX)?
According to Fidelity Management & Research Co filings, the company currently owns 33,398,565 shares, which is about 15.14% of the total NTNX shares outstanding. The investor’s shares have appreciated by 1,206,521 from its previous 13-F filing of 32192044.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $373,429,699. Generation Investment Management acquire a 4.50% interest valued at $335.34 million while BlackRock Fund Advisors purchased a 98,240 stake. A total of -161,417 shares of Nutanix Inc. were bought by Spyglass Capital Management LLC during the quarter, and 28,160 were bought by Champlain Investment Partners LLC. In its current portfolio, FIL Investment Advisors holds 5,272,779 shares valued at $85.42 million.
In terms of Nutanix Inc. share price expectations, FactSet research, analysts set an average price target of $24.92 in the next 12 months, up nearly 58.51% from the previous closing price of $14.51. Analysts anticipate Nutanix Inc. stock to reach $35.00 by 2022, with the lowest price target being $18.00. In spite of this, 15 analysts ranked Nutanix Inc. stock as an Overweight at the end of 2022. On September 02, 2021, JMP Securities assigned a price target of “a Mkt outperform” to the stock and reiterated coverage with a $48.