Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nutanix Inc shares valued at $1,430,939 were sold by Sivaraman Rukmini on Sep 17 ’24. At $58.85 per share, Sivaraman Rukmini sold 24,316 shares. The insider’s holdings dropped to 192,169 shares worth approximately $11.63 million following the completion of this transaction.
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Also, Sangster David sold 11,950 shares, netting a total of over 714,968 in proceeds. Following the sale of shares at $59.83 each, the insider now holds 123,868 shares.
Before that, RUKMINI N SIVARAMAN had added 24,316 shares to its account. In a trade valued at $1,430,938, the Officer bought Nutanix Inc shares for $58.85 each.
As published in a research note from Northland Capital on May 30, 2024, Nutanix Inc [NTNX] has been rated down from an Outperform to a Market perform and the price target has been revised to $71. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of January 17, 2024, William Blair has increased its “Mkt perform” rating to a “an Outperform” for NTNX. Earlier on November 30, 2023, Needham resumed its rating. Their recommendation was “a Buy” for NTNX stock.
Analyzing NTNX Stock Performance
During the last five days, there has been a drop of approximately -5.29%. Over the course of the year, Nutanix Inc shares have jumped approximately 26.88%. Shares of the company reached a 52-week high of $73.69 on 05/21/24 and a 52-week low of $43.35 on 08/05/24. A 50-day SMA is recorded $59.28, while a 200-day SMA reached $58.63. Nevertheless, trading volume fell to 1.71 million shares from 0.7 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 60.10, which, if violated, would cause prices to drop to 59.70. In the upper region, resistance lies at 61.28. The next price resistance is at 62.06. RSI (Relative Strength Index) is 46.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.31, which suggests the price will decrease in the coming days. Percent R is at 83.27%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
