Nutanix Inc (NASDAQ: NTNX) is 30.55% higher on its value in year-to-date trading and has touched a low of $23.34 and a high of $66.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NTNX stock was last observed hovering at around $64.78 in the last trading session, with the day’s loss setting it -2.52%.
Currently trading at $62.26, the stock is 0.45% and 8.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing -3.89% at the moment leaves the stock 52.87% off its SMA200. NTNX registered 144.35% gain for a year compared to 6-month gain of 80.83%. The firm has a 50-day simple moving average (SMA 50) of $7.39 and a 200-day simple moving average (SMA200) of $158.64.
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The stock witnessed a 6.72% loss in the last 1 month and extending the period to 3 months gives it a 34.41%, and is -2.43% 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 3.67% over the week and 3.39% over the month.
Nutanix Inc (NTNX) has around 6450 employees, a market worth around $15.21B and $2.02B in sales. Fwd P/E is 47.71. Profit margin for the company is -3.33%. Distance from 52-week low is 166.70% and -7.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.34%).
Nutanix Inc quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $515.98M over the same period.The EPS is expected to grow by 78.38% this year, but quarterly earnings will post 14.80% year-over-year.
Nutanix Inc (NTNX) Top Institutional Holders
542 institutions hold shares in Nutanix Inc (NTNX), with institutional investors hold 84.20% of the company’s shares. The shares outstanding are 244.33M, and float is at 243.36M with Short Float at 2.80%. Institutions hold 83.86% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 35.36 million shares valued at $991.96 million. The investor’s holdings represent 15.00% of the NTNX Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 25.23 million shares valued at $707.69 million to account for 10.70% of the shares outstanding. The other top investors are Generation Investment Management LLP which holds 16.67 million shares representing 7.07% and valued at over $467.56 million, while Blackrock Inc. holds 5.11% of the shares totaling 12.05 million with a market value of $338.13 million.
Nutanix Inc (NTNX) Insider Activity
The most recent transaction is an insider sale by RAMASWAMI RAJIV,the company’sPresident and CEO. SEC filings show that RAMASWAMI RAJIV sold 23,932 shares of the company’s common stock on Mar 18 ’24 at a price of $63.05 per share for a total of $1.51 million. Following the sale, the insider now owns 0.37 million shares.
Nutanix Inc disclosed in a document filed with the SEC on Mar 18 ’24 that Sangster David (Chief Operating Officer) sold a total of 12,545 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $63.04 per share for $0.79 million. Following the transaction, the insider now directly holds 70192.0 shares of the NTNX stock.
Still, SEC filings show that on Mar 01 ’24, GOMO STEVEN J (Director) disposed off 25,000 shares at an average price of $64.11 for $1.6 million. The insider now directly holds 3,962 shares of Nutanix Inc (NTNX).
