Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nutanix Inc shares valued at $392,279 were sold by Gambale Virginia on Dec 23 ’24. At $64.73 per share, Gambale Virginia sold 6,060 shares. The insider’s holdings dropped to 45,330 shares worth approximately $2.92 million following the completion of this transaction.
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Also, Gambale Virginia purchased 6,060 shares, netting a total of over 394,445 in proceeds.
Before that, Sivaraman Rukmini had sold 11,810 shares from its account. In a trade valued at $786,871, the Chief Financial Officer traded Nutanix Inc shares for $66.63 each. Upon closing the transaction, the insider’s holdings decreased to 11,810 shares, worth approximately $12.3 million.
As published in their initiating research note from UBS on December 12, 2024, Nutanix Inc [NTNX] has been a Buy and the price target has been revised to $81. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of October 28, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for NTNX. Earlier on May 30, 2024, Northland Capital downgraded its rating. Their new recommendation was “a Market perform” for NTNX stock which previously was a “an Outperform”.
Analyzing NTNX Stock Performance
During the last five days, there has been a drop of approximately -2.66%. Over the course of the year, Nutanix Inc shares have jumped approximately 35.00%. 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 $66.40, while a 200-day SMA reached $60.70. Nevertheless, trading volume fell to 0.51 million shares from 0.85 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 64.06, which, if violated, would cause prices to drop to 63.67. In the upper region, resistance lies at 64.76. The next price resistance is at 65.07. RSI (Relative Strength Index) is 44.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.94, which suggests the price will decrease in the coming days. Percent R is at 79.86%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
