The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nutanix Inc shares valued at $18,096 were sold by Sivaraman Rukmini on Jan 13 ’25. At $61.55 per share, Sivaraman Rukmini sold 294 shares. The insider’s holdings dropped to 190,588 shares worth approximately $12.66 million following the completion of this transaction.
Also, RUKMINI N SIVARAMAN purchased 294 shares, netting a total of over 18,096 in proceeds.
Before that, Gambale Virginia had sold 6,060 shares from its account. In a trade valued at $392,279, the Director traded Nutanix Inc shares for $64.73 each. Upon closing the transaction, the insider’s holdings decreased to 6,060 shares, worth approximately $3.01 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 surge of approximately 5.38%. Over the course of the year, Nutanix Inc shares have jumped approximately 8.60%. Shares of the company reached a 52-week high of $67.40 on 01/22/25 and a 52-week low of $60.42 on 01/02/25. A 50-day SMA is recorded $66.46, while a 200-day SMA reached $60.73. Nevertheless, trading volume fell to 1.86 million shares from 1.78 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 65.77, which, if violated, would cause prices to drop to 65.09. In the upper region, resistance lies at 67.26. The next price resistance is at 68.07. RSI (Relative Strength Index) is 57.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.02, which suggests the price will increase in the coming days. Percent R is at 13.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
