Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $13.15 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 their initiating research note from Oppenheimer on November 13, 2024, Nutanix Inc [NTNX] has been an Outperform and the price target has been revised to $80. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late October. As of May 30, 2024, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for NTNX. Earlier on May 08, 2024, Raymond James 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 drop of approximately -5.45%. Over the course of the year, Nutanix Inc shares have jumped approximately 43.45%. Shares of the company reached a 52-week high of $75.80 on 11/25/24 and a 52-week low of $43.35 on 08/05/24. A 50-day SMA is recorded $65.13, while a 200-day SMA reached $60.43. Nevertheless, trading volume fell to 2.88 million shares from 19.45 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 66.99, which, if violated, would cause prices to drop to 65.58. In the upper region, resistance lies at 69.33. The next price resistance is at 70.26. RSI (Relative Strength Index) is 52.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.35, which suggests the price will decrease in the coming days. Percent R is at 63.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
