The stock of Nutanix Inc (NASDAQ:NTNX) last traded at $54.28, down -4.27% from the previous session.
NTNX stock price is now -10.48% away from the 50-day moving average and 2.58% away from the 200-day moving average. The market capitalization of the company currently stands at $13.39B.
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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, RAMASWAMI RAJIV, President and CEO sold 23,986 shares of the company’s stock on Jun 18 ’24. The stock was sold for $1,299,738 at an average price of $54.19. Upon completion of the transaction, the President and CEO now directly owns 407,045 shares in the company, valued at $22.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 18 ’24, Chief Financial Officer Sivaraman Rukmini sold 12,566 shares of the business’s stock. A total of $668,788 was realized by selling the stock at an average price of $53.22. This leaves the insider owning 144,902 shares of the company worth $7.87 million. A total of 0.41% of the company’s stock is owned by insiders.
During the past 12 months, Nutanix Inc has had a low of $27.48 and a high of $73.69. The fifty day moving average price for NTNX is $60.5048 and a two-hundred day moving average price translates $53.00705 for the stock.
The latest earnings results from Nutanix Inc (NASDAQ: NTNX) was released for 2024-04-30. The company reported revenue of $524.58 million for the quarter, compared to $448.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.94 percent.
