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 $3,434,765 were sold by Sivaraman Rukmini on Apr 10 ’24. At $64.77 per share, Sivaraman Rukmini sold 53,029 shares. The insider’s holdings dropped to 144,635 shares worth approximately $8.78 million following the completion of this transaction.
Also, Wall Tyler sold 15,000 shares, netting a total of over 933,687 in proceeds. Following the sale of shares at $62.25 each, the insider now holds 13,168 shares.
Before that, RAMASWAMI RAJIV had sold 23,932 shares from its account. In a trade valued at $1,508,862, the President and CEO traded Nutanix Inc shares for $63.05 each. Upon closing the transaction, the insider’s holdings decreased to 23,932 shares, worth approximately $22.65 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 drop of approximately -7.41%. Over the course of the year, Nutanix Inc shares have jumped approximately 27.30%. 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 $61.69, while a 200-day SMA reached $44.34. Nevertheless, trading volume fell to 1.83 million shares from 1.82 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 59.72, which, if violated, would cause prices to drop to 58.73. In the upper region, resistance lies at 62.34. The next price resistance is at 63.97. RSI (Relative Strength Index) is 43.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.87, which suggests the price will decrease in the coming days. Percent R is at 78.57%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
