What Nutanix Inc. (NTNX) Insiders Are Up To

Nutanix Inc. (NASDAQ:NTNX) trading with a subtraction of -$0.85 to $37.27 on Thursday, a downside of -2.24 percent. An average of 2,056,947 shares of common stock have been traded in the last five days. There was a fall of -$0.29 in the past week. The last 20 days have seen an average of 2,812,077 shares traded, while the 50-day average volume stands at 2,293,469.

NTNX stock has decreased by -13.27% in the last month. The company shares reached their 1-month lowest point of $36.96 on 10/04/21. With the stock rallying to its 52-week high on 09/07/21, shares of the company touched a low of $21.35 and a high of $44.50 in 52 weeks. In spite of this, the price is down -16.25% from the 52-week high.


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Insider Transactions

1 day have passed since Nutanix Inc. (NTNX) last reported insider trading activity. Wall Tyler, who is Chief Legal Officer, most recently acquired $60,000 shares at $37.97 per share on Oct 06. In this transaction, the insider spent $2,278,284. Chief Accounting Officer, Boynton Aaron, disposed of 3,327 shares at a price of $41.74 on Sep 16. The insider now owns more than $138,869 worth of shares. Prior to that, Chief Revenue Officer Kaddaras Christopher Nicholas went on to Sale 11,562 shares at $41.74 each on Sep 16. An amount of $482,598 was transacted.

Valuation Metrics

Nutanix Inc. (NTNX) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.34 for the sector. This means investors are optimistic about the stock’s future prospects. The stock’s beta is 1.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.66.

The quick ratio of Nutanix Inc. for the three months ended July 30 was 1.70, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is 79.10% against a 5-year average of 72.1%. Nutanix Inc.’s EBITDA margin for the year ending July 30 is -38.03%, while its operating margin for the same period stands at -47.40%. Its gross profit as reported stood at $1.1 billion compared to revenue of $1.39 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nutanix Inc.’s return on assets was -45.10%, compared to -45.8% over the last five years.

Earnings Surprise

For the three-month period that ended July 30, Nutanix Inc. had $928.01 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $390.72 million in the quarter, while revenues of $344.51 million were grew 16.09%. The analyst consensus anticipated Nutanix Inc.’s latest quarter earnings to come in at -$0.42 per share, but it turned out to be -$0.26, a 38.10% surprise. For the quarter, EBITDA amounted to -$100.44 million. Shareholders own equity worth $214.22 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nutanix Inc. (NTNX) price momentum. RSI 9-day as of the close on 06 October was 38.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.15%.

As of today, NTNX’s price is $37.97 -0.77% or -$0.29 from its 5-day moving average. NTNX is currently trading -13.48% lower than its 20-day SMA and +26.17% higher than its 100-day SMA. However, the stock’s current price level is +2.52% above the SMA50 and +13.88% above the SMA200.

The stochastic %K and %D were 14.07% and 14.58%, respectively, and the average true range (ATR) was 1.44. With the 14-day stochastic at 7.86% and the average true range at 1.44, the RSI (14) stands at 42.47%. The stock has reached -0.40 on the 9-day MACD Oscillator while the 14-day reading was at -1.41.

Analyst Ratings

Needham reiterated its a Buy rating on Nutanix Inc. (NASDAQ: NTNX), but raised their price target to $61, indicating a potential price increase of 63.67% for the stock.The consensus rating for Nutanix Inc. (NTNX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NTNX, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is NTNX’s price target for the next 12 months?

Analysts predict a range of price targets between $40.00 and $64.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Nutanix Inc. (NTNX) stock is $49.45.

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