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 $6,709,640 were purchased by RAJIV RAMASWAMI on Feb 04 ’25. At $70.00 per share, RAJIV RAMASWAMI acquired 95,852 shares.
Also, Sivaraman Rukmini sold 294 shares, netting a total of over 18,096 in proceeds. Following the sale of shares at $61.55 each, the insider now holds 190,588 shares.
Before that, RUKMINI N SIVARAMAN had added 294 shares to its account. In a trade valued at $18,096, the Officer bought Nutanix Inc shares for $61.55 each.
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 5.65%. Over the course of the year, Nutanix Inc shares have jumped approximately 17.02%. Shares of the company reached a 52-week high of $72.04 on 02/05/25 and a 52-week low of $60.42 on 01/02/25. A 50-day SMA is recorded $65.93, while a 200-day SMA reached $60.95. Nevertheless, trading volume fell to 1.7 million shares from 2.25 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 70.81, which, if violated, would cause prices to drop to 70.02. In the upper region, resistance lies at 72.21. The next price resistance is at 72.82. RSI (Relative Strength Index) is 67.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.25, which suggests the price will increase in the coming days. Percent R is at 4.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
