Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nutanix Inc shares valued at $933,687 were sold by Wall Tyler on Mar 21 ’24. At $62.25 per share, Wall Tyler sold 15,000 shares. The insider’s holdings dropped to 13,168 shares worth approximately $0.86 million following the completion of this transaction.
Also, RAMASWAMI RAJIV sold 23,932 shares, netting a total of over 1,508,862 in proceeds. Following the sale of shares at $63.05 each, the insider now holds 373,024 shares.
Before that, Sangster David had sold 12,545 shares from its account. In a trade valued at $790,854, the Chief Operating Officer traded Nutanix Inc shares for $63.04 each. Upon closing the transaction, the insider’s holdings decreased to 12,545 shares, worth approximately $4.6 million.
As published in a research note from William Blair on January 17, 2024, Nutanix Inc [NTNX] has been rated up from a Mkt perform to an Outperform. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of September 21, 2023, BofA Securities has increased its “Neutral” rating to a “Buy” for NTNX. Earlier on October 11, 2022, Cleveland Research upgraded its rating. Their new recommendation was “a Buy” for NTNX stock which previously was a “a Neutral”.
Analyzing NTNX Stock Performance
During the last five days, there has been a surge of approximately 3.73%. Over the course of the year, Nutanix Inc shares have jumped approximately 37.49%. Shares of the company reached a 52-week high of $66.99 on 03/08/24 and a 52-week low of $44.50 on 01/05/24. A 50-day SMA is recorded $61.16, while a 200-day SMA reached $43.46. Nevertheless, trading volume fell to 1.65 million shares from 1.67 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 64.09, which, if violated, would cause prices to drop to 62.61. In the upper region, resistance lies at 66.36. The next price resistance is at 67.15. RSI (Relative Strength Index) is 58.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.72, which suggests the price will increase in the coming days. Percent R is at 12.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Nutanix Inc subject to short interest?
Stocks of Nutanix Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.64 million shares to 6.61 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.97 million shares. A jump of 9.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.03.
