Nutanix has a market cap of about $4.78 billion as of October 14, 2022 (pre-market trading). The company’s stock ($NTNX) is down about 40% year to date, and down 20% over the past five years, according to SeekingAlpha. Still, shares jumped 16% after the M&A speculation surfaced on October 14, 2022.
Clues about a potential Nutanix company sale surfaced in September 2022, when the board announced various governance enhancements. The changes led some Wall Street analysts to believe the board was prepping Nutanix for an exit.