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Rajiv Ramaswami, President and CEO of Nutanix, Inc. (NASDAQ:NTNX), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Ramaswami sold 7,740 shares of Class A Common Stock at a price of $75 per share on March 24, 2025. The total value of the transaction amounted to $580,500. The sale comes as Nutanix, now valued at nearly $20 billion, trades near its 52-week high of $79.99, with InvestingPro analysis suggesting the stock is currently overvalued.
Following this sale, Ramaswami retains ownership of 558,366 shares in the company. Notably, this transaction was conducted automatically under a Rule 10b5-1 trading plan that Ramaswami adopted in September 2024. This plan allows corporate insiders to set up a predetermined schedule for buying or selling company stock, helping to avoid potential accusations of insider trading. The company has shown strong operational performance, maintaining impressive gross profit margins of 85.8% and achieving revenue growth of 14.8% over the last twelve months. For deeper insights into Nutanix’s valuation and performance metrics, investors can access the comprehensive research report available on InvestingPro.
This sale comes as part of Ramaswami’s ongoing management of his equity holdings in Nutanix, a leader in enterprise cloud computing solutions.
In other recent news, Nutanix reported strong financial results for the second quarter of fiscal year 2025, exceeding revenue expectations with $655 million, surpassing the forecasted $641.5 million. The company’s Annual Recurring Revenue (ARR) grew by 19% year-over-year, indicating robust customer acquisition and retention efforts. Analysts from several firms have responded positively to these results. RBC Capital Markets raised its price target for Nutanix shares to $95, attributing the increase to the company’s accelerated ARR growth and new customer acquisitions. Piper Sandler also lifted its price target to $88, highlighting Nutanix’s strong financial metrics and market share gains from VMware (NYSE:VMW). Needham analysts increased their target to $92, acknowledging Nutanix’s success in the Global 2000 market and its strategic partnerships. Meanwhile, Raymond (NSE:RYMD) James raised its price target to $83, noting the significant recovery in Nutanix’s billings and its ability to capture market share. These developments suggest a positive outlook for Nutanix, as the company continues to execute its growth strategy and strengthen its market position.
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