Nutanix Inc’s recent filing unveils that its Chief Financial Officer Sivaraman Rukmini unloaded Company’s shares for reported $1.43 million on Sep 17 ’24. In the deal valued at $58.85 per share,24,316 shares were sold. As a result of this transaction, Sivaraman Rukmini now holds 192,169 shares worth roughly $12.16 million.
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Then, Sangster David sold 11,950 shares, generating $714,968 in total proceeds. Upon selling the shares at $59.83, the Chief Operating Officer now owns 123,868 shares.
Before that, RUKMINI N SIVARAMAN bought 24,316 shares. Nutanix Inc shares valued at $1,430,938 were divested by the Officer at a price of $58.85 per share.
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 -1.69% to $63.27. Over the last five days, the stock has lost -2.07%. Nutanix Inc shares have risen nearly 32.67% since the year began. Nevertheless, the stocks have risen 68.59% over the past one year. While a 52-week high of $73.69 was reached on 05/21/24, a 52-week low of $34.40 was recorded on 08/05/24. SMA at 50 days reached $58.59, while 200 days put it at $58.40.
Levels Of Support And Resistance For NTNX Stock
The 24-hour chart illustrates a support level at 62.63, which if violated will result in even more drops to 62.00. On the upside, there is a resistance level at 64.44. A further resistance level may holdings at 65.62. The Relative Strength Index (RSI) on the 14-day chart is 58.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.26%. Stochastics %K at 78.74% 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 2024-09-30, dropping by -0.71 million shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.92 million shares. There was a decline of -13.55%, which implies that there is a negative sentiment for the stock.
