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Nutanix Inc. (NTNX) Is Down -29.91% in 2022 With Lots of Room to Run

Nutanix Inc. (NASDAQ: NTNX) is -29.91% lower on its value in year-to-date trading and has touched a low of $13.44 and a high of $42.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NTNX stock was last observed hovering at around $23.27 in the last trading session, with the day’s loss setting it -0.94% off its average median price target of $25.00 for the next 12 months. It is also 36.2% off the consensus price target high of $35.00 offered by 16 analysts, but current levels are -11.65% lower than the price target low of $20.00 for the same period.

Currently trading at $22.33, the stock is 6.23% and 23.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.41 million and changing -4.04% at the moment leaves the stock -3.10% off its SMA200. NTNX registered -44.96% loss for a year compared to 6-month loss of -16.40%.

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The stock witnessed a 23.23% gain in the last 1 month and extending the period to 3 months gives it a 53.89%, and is -1.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.74% over the week and 4.34% over the month.

Nutanix Inc. (NTNX) has around 6080 employees, a market worth around $5.14B and $1.58B in sales. Fwd P/E is 50.29. Profit margin for the company is -64.30%. Distance from 52-week low is 66.15% and -47.69% from its 52-week high.

Nutanix Inc. (NTNX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Nutanix Inc. (NTNX) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.40, where 7 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Nutanix Inc. is expected to release its quarterly report on 11/28/2022.The EPS is expected to shrink by -11.70% this year.

Nutanix Inc. (NTNX) Top Institutional Holders

The shares outstanding are 222.47M, and float is at 218.53M with Short Float at 3.27%.

Nutanix Inc. (NTNX) Insider Activity

A total of 23 insider transactions have happened at Nutanix Inc. (NTNX) in the last six months, with sales accounting for 6 and purchases happening 17 times. The most recent transaction is an insider sale by Sivaraman Rukmini,the company’sChief Financial Officer. SEC filings show that Sivaraman Rukmini sold 11,148 shares of the company’s common stock on Sep 16 at a price of $22.93 per share for a total of $0.26 million. Following the sale, the insider now owns 95237.0 shares.

Nutanix Inc. disclosed in a document filed with the SEC on Sep 16 that Wall Tyler (Chief Legal Officer) sold a total of 7,243 shares of the company’s common stock. The trade occurred on Sep 16 and was made at $22.93 per share for $0.17 million. Following the transaction, the insider now directly holds 0.13 million shares of the NTNX stock.

Still, SEC filings show that on Sep 16, Sangster David (Chief Operating Officer) disposed off 24,085 shares at an average price of $22.93 for $0.55 million. The insider now directly holds 199,763 shares of Nutanix Inc. (NTNX).

Nutanix Inc. (NTNX): Who are the competitors?

The company’s main competitors (and peers) include Progress Software Corporation (PRGS) that is trading -3.98% down over the past 12 months and Pixelworks Inc. (PXLW) that is -65.08% lower over the same period.

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