Wednesday, November 22, 2017 10:15 PM ET
Significant Insider Selling Continues at Nutanix (NTNX)
One insider — Sunil Potti, Officer — today, disposed of 55,000 shares of Nutanix having a market value of approximately $1,650,039, as revealed 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 100,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 155,000 shares and have averaged 51,667 shares per transaction over this time period.
Compared to its peers over the last 90 days, insider buy/sell trading at Nutanix is higher than the 18-company peer group average. Cloud Computing Services peer group saw 25 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Nutanix insiders was also higher. Within the peer group there were 28,436 shares purchased and 265,864 shares sold with company insiders selling 9,497 shares on average.
Significant insider buying and selling activity has been determined by eliminating 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 in data used in creating and writing this story.
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