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Nutanix Inc (NTNX) Looks Ready for Growth Despite 37.53% Change This Year

Nutanix Inc (NASDAQ: NTNX) is 37.53% higher on its value in year-to-date trading and has touched a low of $24.08 and a high of $68.64 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 $67.58 in the last trading session, with the day’s loss setting it -1.99%.

Currently trading at $65.59, the stock is 5.20% and 3.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -2.94% at the moment leaves the stock 38.95% off its SMA200. NTNX registered 171.03% gain for a year compared to 6-month gain of 75.75%.

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The stock witnessed a 3.75% loss in the last 1 month and extending the period to 3 months gives it a 16.05%, and is 1.02% up 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 2.64% over the week and 3.19% over the month.

Nutanix Inc (NTNX) has around 6450 employees, a market worth around $16.03B and $2.02B in sales. Fwd P/E is 49.21. Profit margin for the company is -3.33%. Distance from 52-week low is 172.33% and -4.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.34%).

with sales reaching $516.18M over the same period.The EPS is expected to grow by 78.99% this year, but quarterly earnings will post 14.90% year-over-year.

Nutanix Inc (NTNX) Top Institutional Holders

The shares outstanding are 244.33M, and float is at 243.36M with Short Float at 2.03%.

Nutanix Inc (NTNX) Insider Activity

The most recent transaction is an insider sale by Sivaraman Rukmini,the company’sChief Financial Officer. SEC filings show that Sivaraman Rukmini sold 53,029 shares of the company’s common stock on Apr 10 ’24 at a price of $64.77 per share for a total of $3.43 million. Following the sale, the insider now owns 0.14 million shares.

Nutanix Inc disclosed in a document filed with the SEC on Mar 21 ’24 that Wall Tyler (Chief Legal Officer) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $62.25 per share for $0.93 million. Following the transaction, the insider now directly holds 13168.0 shares of the NTNX stock.

Still, SEC filings show that on Mar 18 ’24, RAMASWAMI RAJIV (President and CEO) disposed off 23,932 shares at an average price of $63.05 for $1.51 million. The insider now directly holds 373,024 shares of Nutanix Inc (NTNX).

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