Nutanix Inc’s filing revealed that its Chief Legal Officer Wall Tyler unloaded Company’s shares for reported $0.93 million on Mar 21 ’24. In the deal valued at $62.25 per share,15,000 shares were sold. As a result of this transaction, Wall Tyler now holds 13,168 shares worth roughly $0.84 million.
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Then, RAMASWAMI RAJIV sold 23,932 shares, generating $1,508,862 in total proceeds. Upon selling the shares at $63.05, the President and CEO now owns 373,024 shares.
Before that, Sangster David sold 12,545 shares. Nutanix Inc shares valued at $790,854 were divested by the Chief Operating Officer at a price of $63.04 per share. As a result of the transaction, Sangster David now holds 70,192 shares, worth roughly $4.47 million.
William Blair upgraded its Nutanix Inc [NTNX] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Buy”‘ rating for it. BofA Securities also remained covering NTNX and has increased its forecast on September 21, 2023 with a “Buy” recommendation from previously “Neutral” rating. Cleveland Research revised its rating on October 11, 2022. It rated NTNX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of NTNX
On Monday, Nutanix Inc [NASDAQ:NTNX] saw its stock fall -1.29% to $63.62. Over the last five days, the stock has lost -1.79%. Nutanix Inc shares have risen nearly 33.40% since the year began. Nevertheless, the stocks have risen 153.97% over the past one year. While a 52-week high of $66.99 was reached on 03/08/24, a 52-week low of $23.34 was recorded on 01/05/24. SMA at 50 days reached $59.12, while 200 days put it at $41.56. A total of 3.29 million shares were traded, compared to the trading of 3.44 million shares in the previous session.
Levels Of Support And Resistance For NTNX Stock
The 24-hour chart illustrates a support level at 62.66, which if violated will result in even more drops to 61.71. On the upside, there is a resistance level at 65.47. A further resistance level may holdings at 67.33. The Relative Strength Index (RSI) on the 14-day chart is 55.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.61%. Stochastics %K at 40.63% indicates the stock is a holding.
How much short interest is there in Nutanix Inc?
A steep rise in short interest was recorded in Nutanix Inc stocks on Feb 29, 2024, growing by 0.47 million shares to a total of 6.81 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.34 million shares. There was a rise of 6.9%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.72% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.39.
The most recent change occurred on June 30, 2022 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $19 price target.
