Nutanix, Inc. COO David Sangster recently sold over 10,000 shares of the company’s stock. The transaction took place on June 18th, with an average selling price of $54.19 per share. This resulted in a total transaction value of $562,708.96. Following this sale, Sangster now holds 64,333 shares of Nutanix stock, valued at approximately $3.5 million. The sale was disclosed in a filing with the Securities & Exchange Commission.
On the same day, Nutanix stock traded down to $53.42, with a trading volume of over 3 million shares. The company has a market cap of $13.18 billion and a PE ratio of -763.03. Institutional investors have shown interest in Nutanix, with major players like Vanguard Group and Generation Investment Management increasing their stakes in the company.
Wall Street analysts have mixed opinions on NTNX, with some raising price targets and ratings, while others have downgraded the stock. Despite this, the consensus rating is a “Moderate Buy” with an average price target of $72.77. Nutanix provides enterprise cloud solutions in various regions around the globe, offering services like hyperconverged infrastructure software and Kubernetes Engine for cloud-native environments.
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