Nutanix (NTNX) Projected to Post Earnings on Wednesday

Nutanix (NASDAQ:NTNX) is projected to release its earnings data 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Nutanix Price Performance

NTNX opened at $68.43 on Tuesday. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of -195.51, a price-to-earnings-growth ratio of 11.80 and a beta of 1.17. The business has a 50-day moving average of $66.31 and a two-hundred day moving average of $63.63. Nutanix has a 12 month low of $43.35 and a 12 month high of $75.80.

Insider Buying and Selling

In other Nutanix news, Director Virginia Gambale sold 6,060 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $64.73, for a total value of $392,263.80. Following the transaction, the director now directly owns 45,330 shares of the company’s stock, valued at $2,934,210.90. This represents a 11.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Rajiv Ramaswami sold 95,852 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 540,463 shares in the company, valued at approximately $37,832,410. The trade was a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 177,917 shares of company stock valued at $12,114,781. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group assumed coverage on Nutanix in a report on Thursday, December 12th. They set a “buy” rating and a $81.00 target price for the company. Piper Sandler boosted their target price on Nutanix from $77.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Needham & Company LLC boosted their target price on Nutanix from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on Nutanix from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Wells Fargo & Company boosted their target price on Nutanix from $60.00 to $75.00 and gave the stock an “equal weight” 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.