Nutanix, Inc. (NASDAQ:NTNX) saw a drop in its stock price following a downgrade from Northland Capmk. Other research analysts have also recently issued reports on the company, with varying price targets and ratings. Insider trading has also been reported, with CEO Rajiv Ramaswami and COO David Sangster selling significant amounts of shares. Institutional investors have made changes to their positions in the stock as well. Nutanix has a 50-day moving average price of $64.64 and a 200-day moving average price of $56.62. The company’s recent quarterly earnings results showed earnings per share of $0.17. Nutanix provides an enterprise cloud platform and offers various services including hyperconverged infrastructure software stack and virtual networking solutions. Market analysts predict that Nutanix will post -0.04 EPS for the current fiscal year.
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https://www.defenseworld.net/2024/06/01/nutanix-nasdaqntnx-shares-gap-down-on-analyst-downgrade.html
