Nutanix Inc (NTNX): A Case For Going Higher

After Hours

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.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. The current market capitalization of Nutanix Inc is $15.26B. A total of 2.59 million shares were traded on the day, compared to an average of 2.78M shares.

In the most recent transaction, RAMASWAMI RAJIV sold 23,986 shares of NTNX for 54.19 per share on Jun 18 ’24. After the transaction, the President and CEO now owns 407,045 company shares. In a previous transaction on Jun 18 ’24, Sangster David sold 10,384 shares at 54.19 per share. NTNX shares that Chief Operating Officer owns now total 64,333.

Among the insiders who sold shares, Sivaraman Rukmini disposed of 12,566 shares on Jun 18 ’24 at a per-share price of $53.22. This resulted in the Chief Financial Officer holding 144,902 shares of NTNX after the transaction. In another insider transaction, Sivaraman Rukmini sold 53,029 shares at $64.77 per share on Apr 10 ’24. Company shares held by the Chief Financial Officer now total 144,635.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, NTNX has a high of $73.69 and a low of $30.39.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 -$2.51, while its Total Shareholder’s Equity was -$1.01B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.36.

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