On June 18, 2024, Rajiv Ramaswami, President and Chief Executive Officer of Nutanix Inc (NTNX, Financial), sold 23,986 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 407,045 shares of Nutanix Inc.
Nutanix Inc (NTNX, Financial) specializes in cloud software and hyperconverged infrastructure solutions, making computing invisible anywhere. Organizations around the world use Nutanix software to leverage a single platform to manage any app at any location for their hybrid multi-cloud environments.
Over the past year, Rajiv Ramaswami has sold a total of 439,566 shares of Nutanix Inc and has not made any purchases of the stock. The company's insider transaction history reveals a pattern of 21 insider sales and no insider buys over the same period.
Shares of Nutanix Inc were priced at $54.19 on the day of the sale. The company currently holds a market cap of approximately $13.18 billion. According to the GF Value, the intrinsic value of the stock is estimated at $33.88, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.6.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This recent transaction by the insider may be of interest to current and potential investors, providing insight into insider confidence and stock valuation perceptions at Nutanix Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
