Nutanix Inc (NASDAQ:NTNX) major shareholder Lightspeed Venture Partners Vi sold 389,068 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $17.70, for a total transaction of $6,886,503.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Lightspeed Venture Partners Vi also recently made the following trade(s):
- On Monday, April 3rd, Lightspeed Venture Partners Vi sold 13,135 shares of Nutanix stock. The shares were sold at an average price of $18.42, for a total transaction of $241,946.70.
- On Tuesday, April 4th, Lightspeed Venture Partners Vi sold 80,332 shares of Nutanix stock. The shares were sold at an average price of $18.13, for a total transaction of $1,456,419.16.
- On Thursday, March 30th, Lightspeed Venture Partners Vi sold 158,074 shares of Nutanix stock. The shares were sold at an average price of $18.69, for a total transaction of $2,954,403.06.
Nutanix Inc (NASDAQ:NTNX) traded down 0.73% during midday trading on Friday, hitting $16.30. The stock had a trading volume of 1,179,395 shares. Nutanix Inc has a 52 week low of $15.99 and a 52 week high of $46.78. The stock’s market cap is $2.33 billion. The company has a 50-day moving average price of $19.64 and a 200-day moving average price of $27.33.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings results on Thursday, March 2nd. The technology company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.18. The business earned $182.20 million during the quarter, compared to analysts’ expectations of $178.40 million. The business’s revenue was up 77.4% on a year-over-year basis. Equities analysts expect that Nutanix Inc will post ($1.49) EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in NTNX. Picton Mahoney Asset Management acquired a new stake in Nutanix during the third quarter valued at $185,000. Mark Asset Management Corp acquired a new stake in Nutanix during the third quarter valued at $222,000. TD Asset Management Inc. acquired a new stake in Nutanix during the third quarter valued at $259,000. SG Americas Securities LLC acquired a new stake in Nutanix during the third quarter valued at $282,000. Finally, Ellington Management Group LLC acquired a new stake in Nutanix during the fourth quarter valued at $300,000. 14.81% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on NTNX shares. Zacks Investment Research upgraded shares of Nutanix from a “sell” rating to a “hold” rating in a research report on Friday, January 6th. Robert W. Baird restated an “outperform” rating and set a $37.00 target price on shares of Nutanix in a research report on Tuesday, February 28th. Oppenheimer Holdings Inc. set a $38.00 target price on shares of Nutanix and gave the company a “buy” rating in a research report on Wednesday, January 11th. Pacific Crest reiterated an “overweight” rating and issued a $34.00 price target on shares of Nutanix in a research report on Tuesday, March 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $38.00 target price on shares of Nutanix in a research note on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Nutanix currently has a consensus rating of “Buy” and a consensus price target of $33.90.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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