Needham raised the price target for the Nutanix Inc. (NASDAQ:NTNX) stock to “a Buy”. The rating was released on September 02, 2021. We previously noted in another research note published on September 02, 2021 by JMP Securities that reiterated the stock to a Mkt outperform with a price target of $48 for NTNX stock. The research report from Needham has reiterated the stock to Buy, with a price target set at $61. The stock was upgraded by JP Morgan, who disclosed in a research note on May 04, 2021, from Neutral to Overweight and set the price objective to $38. In their research brief published April 29, 2021, Piper Sandler analysts upgraded the Nutanix Inc. stock from Neutral to Overweight with a price target of $37.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Nutanix Inc. (NASDAQ:NTNX) dipped -1.68% to close Thursday’s market session at $42.05, lower as compared to yesterday’s close. The stock price fluctuated between $41.76 and $43.42 throughout the trading session with the volume trading being 6224370 shares, which represented a significant variation when compared to the three months average volume of 2.21 million shares. The firm’s stock price fluctuated -2.75% within the last five trades and 17.85% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 63.94% in the last 6 months and 13.01% was added to its value over the previous 3 months. NTNX stock is trading at a margin of 8.50%, 12.91% and 29.25% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, NTNX deals in the Technology domain. The stock is trading -5.51 percent below its 52-week high and 101.63 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 89.15. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Nutanix Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -53.10 percent and the profit margin is -70.20 percent, and the company has reported a gross margin of 79.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $9.02 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 6.47 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of Nutanix Inc. shares are owned by insiders, and 78.90 percent are held by financial institutions. Williams Duston, the Chief Financial Officer at Nutanix Inc. (NTNX) has sold 50,000 shares of firm on Jul 12 at a price of $37.27 against the total amount of $1.86 million. In another inside trade, Boynton Aaron, Chief Accounting Officer of Nutanix Inc. (NASDAQ:NTNX) sold 12,656 shares of the firm on Jun 22 for a total worth of $0.48 million at a price of $38.17. An inside trade which took place on Jun 16, Chief Financial Officer of Nutanix Inc. Williams Duston sold 15,067 shares of firm against total price of $0.56 million at the cost of $37.35 per share.