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Sunday, April 2, 2023

Insights Into Nutanix Inc. (NTNX) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Nutanix Inc. (NTNX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.26, or 1.05%, to $24.98. The Nutanix Inc. has recorded 19,387 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Nutanix Reports Selected Preliminary Second Quarter Fiscal 2023 Financial Results.

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Stocks Info

Nutanix Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $24.72 and fluctuated between $24.74 as its day high and $24.18 as its day low. The current market capitalization of Nutanix Inc. is $5.74B. A total of 0.9 million shares were traded on the day, compared to an average of 1.91M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, NTNX has seen 0 BUY and 10 SELL insider trades, representing the acquisition of 0 and the disposition of 324,686 shares. Over the last 12 months, there were 60 BUYs and 27 SELLs from insiders. Insiders purchased 632,023 shares during that period but sold 605,386.

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, Sangster David sold 121,478 shares at $30.80 per share on Dec 16. Company shares held by the Chief Operating Officer now total 121,217.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for NTNX in the last 3 months, the mean price target is $32.83 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

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. Currently, 15 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 7 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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