Nutanix Inc’s recent filing unveils that its President and CEO RAMASWAMI RAJIV unloaded Company’s shares for reported $1.3 million on Jun 18 ’24. In the deal valued at $54.19 per share,23,986 shares were sold. As a result of this transaction, RAMASWAMI RAJIV now holds 407,045 shares worth roughly $21.74 million.
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Then, Sivaraman Rukmini sold 12,566 shares, generating $668,788 in total proceeds. Upon selling the shares at $53.22, the Chief Financial Officer now owns 144,902 shares.
Before that, Sangster David sold 10,384 shares. Nutanix Inc shares valued at $562,660 were divested by the Chief Operating Officer at a price of $54.19 per share. As a result of the transaction, Sangster David now holds 64,333 shares, worth roughly $3.44 million.
Northland Capital downgraded its Nutanix Inc [NTNX] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early May from “a Mkt perform” to “an Outperform”. William Blair also remained covering NTNX and has increased its forecast on January 17, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Needham maintained its rating on November 30, 2023. It rated NTNX as “a Buy”.
Price Performance Review of NTNX
On Friday, Nutanix Inc [NASDAQ:NTNX] saw its stock jump 1.91% to $53.40. Over the last five days, the stock has gained 0.51%. Nutanix Inc shares have risen nearly 11.97% since the year began. Nevertheless, the stocks have risen 88.09% over the past one year. While a 52-week high of $73.69 was reached on 05/21/24, a 52-week low of $26.47 was recorded on 01/05/24. SMA at 50 days reached $61.62, while 200 days put it at $51.47. A total of 3.63 million shares were traded, compared to the trading of 2.75 million shares in the previous session.
Levels Of Support And Resistance For NTNX Stock
The 24-hour chart illustrates a support level at 52.36, which if violated will result in even more drops to 51.33. On the upside, there is a resistance level at 53.96. A further resistance level may holdings at 54.53. The Relative Strength Index (RSI) on the 14-day chart is 37.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.73%. Stochastics %K at 20.00% indicates the stock is a holding.
