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The Attractiveness of Investing In Nutanix Inc (NTNX) is Growing

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Nutanix Inc’s filing revealed 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 $9.77 million.

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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 $25.21 million.

Raymond James 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 William Blair’s analysts, who increased its forecast for the stock in mid January from “a Mkt perform” to “an Outperform”. Needham also remained covering NTNX and reiterated its “Buy” recommendation on November 30, 2023. BofA Securities revised its rating on September 21, 2023. 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 unchanged to $67.58. Over the last five days, the stock has gained 8.58%. Nutanix Inc shares have risen nearly 41.71% since the year began. Nevertheless, the stocks have risen 174.05% over the past one year. While a 52-week high of $67.87 was reached on 05/10/24, a 52-week low of $24.08 was recorded on 01/05/24. SMA at 50 days reached $63.24, while 200 days put it at $47.21. A total of 1.76 million shares were traded, compared to the trading of 2.06 million shares in the previous session.

Levels Of Support And Resistance For NTNX Stock

The 24-hour chart illustrates a support level at 67.08, which if violated will result in even more drops to 66.59. On the upside, there is a resistance level at 68.36. A further resistance level may holdings at 69.14. The Relative Strength Index (RSI) on the 14-day chart is 67.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.89%. Stochastics %K at 91.75% indicates the stock is a selling.

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