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 $12.32 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 Morgan Stanley on October 28, 2024, Nutanix Inc [NTNX] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $72 from $71. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late May. As of May 08, 2024, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for NTNX. Earlier on January 17, 2024, William Blair upgraded its rating. Their new recommendation was “an Outperform” for NTNX stock which previously was a “a Mkt perform”.
Analyzing NTNX Stock Performance
During the last five days, there has been a surge of approximately 5.97%. Over the course of the year, Nutanix Inc shares have jumped approximately 34.45%. 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 $60.41, while a 200-day SMA reached $58.99. Nevertheless, trading volume fell to 1.55 million shares from 1.5 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 63.57, which, if violated, would cause prices to drop to 63.01. In the upper region, resistance lies at 64.95. The next price resistance is at 65.77. RSI (Relative Strength Index) is 58.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 32.28%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
