Nutanix Inc’s recent filing unveils that its Director GOMO STEVEN J unloaded Company’s shares for reported $1.8 million on Sep 10 ’24. In the deal valued at $60.05 per share,30,000 shares were sold. As a result of this transaction, GOMO STEVEN J now holds 66,200 shares worth roughly $3.91 million.
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Then, CHRIS GOMO LEGACY TRUST bought 30,000 shares, generating $1,801,473 in total proceeds.
Before that, RAMASWAMI RAJIV sold 23,986 shares. Nutanix Inc shares valued at $1,299,738 were divested by the President and CEO at a price of $54.19 per share. As a result of the transaction, RAMASWAMI RAJIV now holds 407,045 shares, worth roughly $24.04 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 fall -2.81% to $59.06. Over the last five days, the stock has lost -1.71%. Nutanix Inc shares have risen nearly 23.84% since the year began. Nevertheless, the stocks have risen 64.06% over the past one year. While a 52-week high of $73.69 was reached on 05/21/24, a 52-week low of $33.30 was recorded on 08/05/24. SMA at 50 days reached $53.62, while 200 days put it at $56.47.
Levels Of Support And Resistance For NTNX Stock
The 24-hour chart illustrates a support level at 58.33, which if violated will result in even more drops to 57.60. On the upside, there is a resistance level at 60.50. A further resistance level may holdings at 61.94. The Relative Strength Index (RSI) on the 14-day chart is 57.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.00%. Stochastics %K at 65.09% indicates the stock is a holding.
How much short interest is there in Nutanix Inc?
A steep rise in short interest was recorded in Nutanix Inc stocks on 2024-08-30, growing by 0.23 million shares to a total of 5.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.69 million shares. There was a rise of 3.82%, which implies that there is a positive sentiment for the stock.
