Nutanix Inc’s recent filing unveils that its Chief Financial Officer Sivaraman Rukmini unloaded Company’s shares for reported $3.43 million on Apr 10 ’24. In the deal valued at $64.77 per share,53,029 shares were sold. As a result of this transaction, Sivaraman Rukmini now holds 144,635 shares worth roughly $9.14 million.
Then, Wall Tyler sold 15,000 shares, generating $933,687 in total proceeds. Upon selling the shares at $62.25, the Chief Legal Officer now owns 13,168 shares.
Before that, RAMASWAMI RAJIV sold 23,932 shares. Nutanix Inc shares valued at $1,508,862 were divested by the President and CEO at a price of $63.05 per share. As a result of the transaction, RAMASWAMI RAJIV now holds 373,024 shares, worth roughly $23.58 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 Friday, Nutanix Inc [NASDAQ:NTNX] saw its stock fall -1.60% to $63.22. Over the last five days, the stock has lost -4.18%. Nutanix Inc shares have risen nearly 32.56% since the year began. Nevertheless, the stocks have risen 154.92% 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 $61.45, while 200 days put it at $43.83. A total of 2.03 million shares were traded, compared to the trading of 4.74 million shares in the previous session.
Levels Of Support And Resistance For NTNX Stock
The 24-hour chart illustrates a support level at 62.51, which if violated will result in even more drops to 61.81. On the upside, there is a resistance level at 64.23. A further resistance level may holdings at 65.25. The Relative Strength Index (RSI) on the 14-day chart is 50.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.12%. Stochastics %K at 68.72% indicates the stock is a holding.
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.
