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 $12.54 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.
Oppenheimer initiated its Nutanix Inc [NTNX] rating to an Outperform in a research note published on November 13, 2024; the price target was $80. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late October from “an Equal-weight” to “an Overweight”. Northland Capital also remained covering NTNX and has decreased its forecast on May 30, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on May 08, 2024. It rated NTNX as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of NTNX
On Friday, Nutanix Inc [NASDAQ:NTNX] saw its stock fall -2.13% to $65.28. Over the last five days, the stock has lost -7.98%. Nutanix Inc shares have risen nearly 36.88% since the year began. Nevertheless, the stocks have risen 57.07% over the past one year. While a 52-week high of $75.80 was reached on 11/25/24, a 52-week low of $40.44 was recorded on 08/05/24. SMA at 50 days reached $64.76, while 200 days put it at $60.29.
Levels Of Support And Resistance For NTNX Stock
The 24-hour chart illustrates a support level at 64.34, which if violated will result in even more drops to 63.39. On the upside, there is a resistance level at 67.10. A further resistance level may holdings at 68.91. The Relative Strength Index (RSI) on the 14-day chart is 43.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.34%. Stochastics %K at 4.02% indicates the stock is a buying.
How much short interest is there in Nutanix Inc?
A steep rise in short interest was recorded in Nutanix Inc stocks on 2024-11-15, growing by 17251.0 shares to a total of 5.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.28 million shares. There was a rise of 0.33%, which implies that there is a positive sentiment for the stock.
