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Wednesday, February 8, 2023

Is Nutanix Inc. (NASDAQ: NTNX) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Nutanix Inc. (NTNX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.41, or -1.55%, to $26.02. The Nutanix Inc. has recorded 29,464 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Nutanix to Present at Upcoming Investor Conference.

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Stocks Info

NTNX belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $26.43 and fluctuated between $26.63 as its day high and $26.10 as its day low. The current market capitalization of Nutanix Inc. is $5.98B. A total of 1.19 million shares were traded on the day, compared to an average of 2.59M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, NTNX has seen 7 BUY and 0 SELL insider trades, representing the acquisition of 60,774 and the disposition of 0 shares. Over the last 12 months, there were 61 BUYs and 17 SELLs from insiders. Insiders purchased 627,601 shares during that period but sold 280,700.

In the most recent transaction, Wall Tyler sold 90,000 shares of NTNX for 26.19 per share on Jan 03. After the transaction, the Chief Legal Officer now owns 48,256 company shares. In a previous transaction on Dec 21, RAMASWAMI RAJIV sold 5,000 shares at 28.34 per share. NTNX shares that President and CEO owns now total 310,348.

Among the insiders who sold shares, Conway Craig disposed of 25,000 shares on Dec 20 at a per-share price of $30.38. This resulted in the Director holding 33,363 shares of NTNX after the transaction. In another insider transaction, Sivaraman Rukmini sold 13,130 shares at $30.51 per share on Dec 16. Company shares held by the Chief Financial Officer now total 107,116.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for NTNX in the last 3 months, the mean price target is $33.08 with high estimates of $35.00 and low estimates of $30.00. In terms of 52-week highs and lows, NTNX has a high of $33.73 and a low of $13.44.

As of this writing, NTNX has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.15 per share and a lower estimate of $0.08. The company reported an EPS of -$0.17 in the last quarter, which was 55.30% higher than expectations of -$0.38.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. NTNX’s latest balance sheet shows that the firm has $1.21B in Cash & Short Term Investments as of fiscal 2021. There were $1.18B in debt and $927.89M in liabilities at the time. Its Book Value Per Share was -$3.46, while its Total Shareholder’s Equity was -$1.01B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NTNX is Underweight with a score of 4.14. A total of 9 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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