Nutanix (NTNX) to Release Earnings on Wednesday

Nutanix (NASDAQ:NTNX) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Nutanix to post earnings of $0.47 per share and revenue of $642.58 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Nutanix Trading Down 3.3 %

Shares of NASDAQ NTNX opened at $69.74 on Monday. The stock has a market cap of $18.69 billion, a P/E ratio of -199.26, a P/E/G ratio of 11.80 and a beta of 1.17. The stock has a 50 day moving average of $66.31 and a two-hundred day moving average of $63.51. Nutanix has a twelve month low of $43.35 and a twelve month high of $75.80.

Insider Buying and Selling at Nutanix

In other news, CFO Rukmini Sivaraman sold 11,810 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $66.63, for a total value of $786,900.30. Following the sale, the chief financial officer now directly owns 190,882 shares in the company, valued at $12,718,467.66. This represents a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $70.00, for a total value of $6,709,640.00. Following the completion of the sale, the chief executive officer now owns 540,463 shares in the company, valued at $37,832,410. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 177,917 shares of company stock valued at $12,114,781. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NTNX. Oppenheimer began coverage on Nutanix in a report on Wednesday, November 13th. They issued an “outperform” rating and a $80.00 target price on the stock. Raymond James dropped their target price on Nutanix from $83.00 to $76.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. UBS Group began coverage on Nutanix in a report on Thursday, December 12th. They issued a “buy” rating and a $81.00 target price on the stock. Piper Sandler boosted their target price on Nutanix from $77.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC upped their price objective on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Nutanix currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Nutanix Company Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers’ enterprise infrastructure.