Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nutanix Inc. shares valued at $114,500 were sold by RAMASWAMI RAJIV on Sep 20. At $22.90 per share, RAMASWAMI RAJIV sold 5,000 shares. The insider’s holdings dropped to 267,576 shares worth approximately $5.8 million following the completion of this transaction.
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Also, RAMASWAMI RAJIV sold 65,376 shares, netting a total of over 1,499,072 in proceeds. Following the sale of shares at $22.93 each, the insider now holds 272,576 shares.
Before that, Wall Tyler had sold 7,243 shares from its account. In a trade valued at $166,082, the Chief Legal Officer traded Nutanix Inc. shares for $22.93 each. Upon closing the transaction, the insider’s holdings decreased to 7,243 shares, worth approximately $2.8 million.
As published in their initiating research note from Barclays on June 30, 2022, Nutanix Inc. [NTNX] has been an Overweight and the price target has been revised to $19. This represents a -14.0% premium over Thursday’s closing price. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late May. As of May 26, 2022, BofA Securities has decreased its “Buy” rating to a “Neutral” for NTNX. Earlier on January 19, 2022, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for NTNX stock.
Analyzing NTNX’s Price Performance
On Thursday, Nutanix Inc. [NASDAQ: NTNX] plunged -0.55% to $21.66. The stock’s lowest price that day was $21.39, but it reached a high of $21.91 in the same session. During the last five days, there has been a drop of approximately -8.65%. Over the course of the year, Nutanix Inc. shares have dropped approximately -32.02%. 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 $18.44, while a 200-day SMA reached $22.88. Nevertheless, trading volume fell to 2.09 million shares from 2.18 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 21.40, which, if violated, would cause prices to drop to 21.13. In the upper region, resistance lies at 21.92. The next price resistance is at 22.17. RSI (Relative Strength Index) is 54.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 88.75%, 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 Jul 14, 2022 dropping by 20000.0 shares to 7.88 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.9 million shares. A decline of -0.25% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.47 of the overall float, the days-to-cover ratio (short ratio) decline to 3.47.
Which companies own the most shares of Nutanix Inc. (NTNX)?
According to Fidelity Management & Research Co filings, the company currently owns 33,628,974 shares, which is about 14.99% of the total NTNX shares outstanding. The investor’s shares have appreciated by 230,409 from its previous 13-F filing of 33398565.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $435,429,772. Generation Investment Management acquire a 2.24% interest valued at $366.13 million while BlackRock Fund Advisors sold a -169,465 stake. A total of 1,348,612 shares of Nutanix Inc. were sold by FIL Investment Advisors during the quarter, and 1,933,150 were bought by PRIMECAP Management Co.. In its current portfolio, Spyglass Capital Management LLC holds 5,986,296 shares valued at $103.56 million.