The price of Nutanix Inc (NASDAQ:NTNX) shares last traded on Wall Street fell -23.10% to $56.36.
NTNX stock price is now -12.96% away from the 50-day moving average and 13.48% away from the 200-day moving average. The market capitalization of the company currently stands at $13.77B.
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With the price target maintained at $71, Northland Capital recently Downgraded its rating from Outperform to Market Perform for Nutanix Inc (NASDAQ: NTNX). On May 08, 2024, Raymond James Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $72, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, Sivaraman Rukmini, Chief Financial Officer sold 53,029 shares of the company’s stock on Apr 10 ’24. The stock was sold for $3,434,765 at an average price of $64.77. Upon completion of the transaction, the Chief Financial Officer now directly owns 144,635 shares in the company, valued at $8.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Chief Legal Officer Wall Tyler sold 15,000 shares of the business’s stock. A total of $933,687 was realized by selling the stock at an average price of $62.25. This leaves the insider owning 13,168 shares of the company worth $0.74 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, Nutanix Inc has had a low of $26.47 and a high of $73.69. The fifty day moving average price for NTNX is $64.7522 and a two-hundred day moving average price translates $49.662975 for the stock.
The latest earnings results from Nutanix Inc (NASDAQ: NTNX) was released for 2024-04-30. The company reported revenue of $565.23 million for the quarter, compared to $486.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.18 percent.
