Nutanix Inc (NASDAQ: NTNX) is 31.75% higher on its value in year-to-date trading and has touched a low of $33.30 and a high of $73.69 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 $62.83 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $62.83, the stock is 16.83% and 18.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 0.00% at the moment leaves the stock 12.69% off its SMA200. NTNX registered 80.24% gain for a year compared to 6-month loss of -2.60%.
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The stock witnessed a 33.74% gain in the last 1 month and extending the period to 3 months gives it a 17.81%, and is 20.16% 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 3.60% over the week and 2.80% over the month.
Nutanix Inc (NTNX) has around 6450 employees, a market worth around $15.50B and $2.15B in sales. Fwd P/E is 33.69. Profit margin for the company is -5.81%. Distance from 52-week low is 88.68% and -14.74% from its 52-week high.
The EPS is expected to grow by 11.47% this year
658.0 institutions hold shares in Nutanix Inc (NTNX), with institutional investors hold 86.79% of the company’s shares. The shares outstanding are 239.61M, and float is at 228.15M with Short Float at 2.83%. Institutions hold 86.21% of the Float.
The top institutional shareholder in the company is FMR LLC with over 36.57 million shares valued at $2.08 billion. The investor’s holdings represent 14.8809 of the NTNX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 25.26 million shares valued at $1.44 billion to account for 10.2777 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 16.58 million shares representing 6.7454 and valued at over $942.45 million, while GENERATION INVESTMENT MANAGEMENT LLP holds 4.1095 of the shares totaling 10.1 million with a market value of $574.17 million.
Nutanix Inc (NTNX) Insider Activity
The most recent transaction is an insider sale by RAMASWAMI RAJIV, the company’s President and CEO. SEC filings show that RAMASWAMI RAJIV sold 23,986 shares of the company’s common stock on Jun 18 ’24 at a price of $54.19 per share for a total of $1.3 million. Following the sale, the insider now owns 0.41 million shares.
Nutanix Inc disclosed in a document filed with the SEC on Jun 18 ’24 that Sangster David (Chief Operating Officer) sold a total of 10,384 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $54.19 per share for $0.56 million. Following the transaction, the insider now directly holds 64333.0 shares of the NTNX stock.
Still, SEC filings show that on Jun 18 ’24, Sivaraman Rukmini (Chief Financial Officer) disposed off 12,566 shares at an average price of $53.22 for $0.67 million. The insider now directly holds 144,902 shares of Nutanix Inc (NTNX).
