Rajiv Ramaswami, President and CEO of Nutanix Inc (NASDAQ:NTNX), recently sold 23,932 shares in the company on March 18, 2024, at an average price of $63.05 per share, totaling $1,509,226.60. Nutanix specializes in cloud computing, providing an integrated enterprise cloud platform that simplifies datacenter operations. Over the past year, Ramaswami has sold a total of 474,674 shares in the company without making any purchases. The recent sale is part of a trend seen in the last year, with 20 insider sells and no insider buys.
Nutanix Inc (NASDAQ:NTNX) had a market capitalization of $15.211 billion on the day of the insider’s sale, with its stock trading at $63.05. The stock’s price-to-GF-Value ratio is 2.03, indicating that it is significantly overvalued according to GuruFocus’ valuation metric. The GF Value is calculated based on historical trading multiples and future growth estimates from analysts.
Insider transactions are closely watched by investors and analysts for insights into a company’s internal view. The recent sale by Ramaswami may lead stakeholders to evaluate the company’s valuation and growth prospects. It is important to note that this information is not personalized financial advice and is based on historical data and analyst projections. GuruFocus does not recommend buying or selling any specific stock and focuses on delivering data-driven analysis for long-term investment decisions.
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https://finance.yahoo.com/news/insider-sell-nutanix-inc-ntnx-054846577.html