Insider Sell: COO David Sangster Sells 12,545 Shares of Nutanix Inc (NTNX)
David Sangster, Chief Operating Officer of Nutanix Inc (NASDAQ:NTNX), has sold 12,545 shares of the company on March 18, 2024, according to a recent SEC filing. The transaction was executed at an average price of $63.04 per share, resulting in a total value of $790,381.80.
Nutanix Inc is a technology company that specializes in cloud software and hyperconverged infrastructure solutions. The company's software-driven platform enables organizations to manage their IT infrastructure and applications at any scale, helping to simplify datacenter operations and provide seamless integration with cloud services.
Over the past year, David Sangster has sold a total of 224,152 shares of Nutanix Inc and has not made any share purchases. This latest transaction continues a pattern of insider sales at the company, with a total of 20 insider sells and no insider buys occurring over the past year.
On the date of the insider's recent sale, shares of Nutanix Inc were trading at $63.04, giving the company a market capitalization of $15.211 billion.
The stock's current price of $63.04 compared to the GuruFocus Value of $31.12 indicates a price-to-GF-Value ratio of 2.03, suggesting that Nutanix Inc is significantly overvalued based on its GF Value.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is determined by considering historical trading 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 the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend for Nutanix Inc suggests a cautious approach from insiders, with a significant number of sales and no purchases over the past year. This could be indicative of insiders' views on the stock's current valuation and future prospects.
Investors often monitor insider transactions as they can provide insights into the company's performance and insiders' perspectives on the stock's value. However, it is important to consider a wide range of factors when evaluating the implications of insider trading activity.
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.
This article first appeared on GuruFocus.
