The stock of Nutanix Inc (NASDAQ:NTNX) last traded at $72.35, down -0.62% from the previous session.
NTNX stock price is now 12.25% away from the 50-day moving average and 20.19% away from the 200-day moving average. The market capitalization of the company currently stands at $19.38B.
With the price target of $80, Oppenheimer recently initiated with Outperform rating for Nutanix Inc (NASDAQ: NTNX). On October 28, 2024, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock increasing its target price from $71 to quote $72, while ‘Northland Capital’ rates the stock as ‘Market Perform’
In other news, Sivaraman Rukmini, Chief Financial Officer sold 24,316 shares of the company’s stock on Sep 17 ’24. The stock was sold for $1,430,939 at an average price of $58.85. Upon completion of the transaction, the Chief Financial Officer now directly owns 192,169 shares in the company, valued at $13.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Chief Operating Officer Sangster David sold 11,950 shares of the business’s stock. A total of $714,968 was realized by selling the stock at an average price of $59.83. This leaves the insider owning 123,868 shares of the company worth $8.96 million. A total of 6.77% of the company’s stock is owned by insiders.
During the past 12 months, Nutanix Inc has had a low of $40.33 and a high of $75.80. The fifty day moving average price for NTNX is $64.1672 and a two-hundred day moving average price translates $60.118923 for the stock.
The latest earnings results from Nutanix Inc (NASDAQ: NTNX) was released for 2024-07-31. The company reported revenue of $547.95 million for the quarter, compared to $494.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.87 percent.
