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 $6,709,640 were sold by RAMASWAMI RAJIV on Feb 04 ’25. At $70.00 per share, RAMASWAMI RAJIV sold 95,852 shares. The insider’s holdings dropped to 540,463 shares worth approximately $41.37 million following the completion of this transaction.
Also, RAJIV RAMASWAMI purchased 95,852 shares, netting a total of over 6,709,640 in proceeds.
Before that, Sivaraman Rukmini had sold 294 shares from its account. In a trade valued at $18,096, the Chief Financial Officer traded Nutanix Inc shares for $61.55 each. Upon closing the transaction, the insider’s holdings decreased to 294 shares, worth approximately $14.59 million.
As published in a research note from Northland Capital on February 27, 2025, Nutanix Inc [NTNX] has been rated up from a Market perform to an Outperform and the price target has been revised to $97 from $77. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of November 13, 2024, Oppenheimer has initiated its “an Outperform” rating for NTNX. Earlier on October 28, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for NTNX stock which previously was a “an Equal-weight”.
Analyzing NTNX Stock Performance
During the last five days, there has been a surge of approximately 6.17%. Over the course of the year, Nutanix Inc shares have jumped approximately 25.11%. Shares of the company reached a 52-week high of $79.90 on 02/27/25 and a 52-week low of $60.42 on 01/02/25. A 50-day SMA is recorded $66.79, while a 200-day SMA reached $61.59. Nevertheless, trading volume fell to 9.62 million shares from 3.81 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 74.15, which, if violated, would cause prices to drop to 71.77. In the upper region, resistance lies at 79.41. The next price resistance is at 82.29. RSI (Relative Strength Index) is 67.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 23.58%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
