Nutanix (NTNX) Insider Makes Significant Share Sale

Wednesday, November 15, 2017 10:15 PM ET

Nutanix (NTNX) Insider Makes Significant Share Sale

One insider — Sudheesh Nair Vadakkedath, Officer — today, disposed of 40,000 shares of Nutanix having a market value of approximately $1,142,220, as disclosed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 60,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 100,000 shares and have averaged 33,333 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Nutanix is higher than the 18-company peer group average. Cloud Computing Services peer group saw 22 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Nutanix insiders was also higher. Within the peer group there were 25,436 shares purchased and 135,353 shares sold with company insiders selling 4,996 shares on average.

The data sourced in composing and writing in this story eliminates 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.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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