On June 18, 2024, Rajiv Ramaswami, the President and CEO of Nutanix Inc (NASDAQ:NTNX), sold 23,986 shares of the company according to an SEC Filing. Following this sale, Ramaswami now holds 407,045 shares of Nutanix Inc. Nutanix is a company that specializes in cloud software and infrastructure solutions, allowing organizations to manage apps in any location for their hybrid multi-cloud environments.
Ramaswami has sold a total of 439,566 shares of Nutanix Inc over the past year and has not purchased any shares. The company’s insider transaction history reveals 21 insider sales and no insider buys during the same period. The stock was priced at $54.19 on the day of the sale, with Nutanix Inc currently holding a market cap of approximately $13.18 billion.
According to the GF Value, the intrinsic value of the stock is estimated at $33.88, suggesting that the stock is overvalued with a price-to-GF-Value ratio of 1.6. The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with an adjustment factor and future performance estimates from Morningstar analysts.
The recent insider transaction may be of interest to investors, providing insights into insider confidence and stock valuation perceptions at Nutanix Inc. This article, originally published on Gurufocus.com, offers general insights based on historical data and analyst projections, with an impartial methodology. It is not personalized financial advice and does not recommend buying or selling any stock based on individual circumstances.
Readers should be aware that the analysis may not include the most recent company announcements or qualitative information, and GuruFocus holds no position in the stocks mentioned.
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