Monday, October 16, 2017 10:15 PM ET
Insider Selling at Nutanix (NTNX) Continues with Significant Sale
There was a significant sale of shares of Nutanix by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Sudheesh Nair Vadakkedath, Officer — disposed of 40,000 shares in the company having a market value of approximately $1,062,800. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 30,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 70,000 shares and have averaged 35,000 shares per transaction over this time period.
The number of buy-sell trades for Nutanix is close to that of the 17 member peer company average. The Cloud Computing Services peer group saw 36 buy/sell trades during this period for an average of 2.1 transactions per company. However, the number of shares per buy/sell trade transacted by Nutanix insiders is higher. Within the peer group there were 25,436 shares purchased and 195,389 shares sold with company insiders selling 4,721 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to create and write this story.
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