Monday, December 11, 2017 10:15 PM ET
Insider Sale at Nutanix (NTNX) Continues Selling Trend
There was a significant sale of shares of Nutanix by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Dheeraj Pandey, Director and Officer — sold 71,400 shares in the company having a market value of approximately $2,522,334. 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 sale of 155,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 226,400 shares and have averaged 75,467 shares per transaction over this time period.
The number of insider buy/sell trades at Nutanix is above the 18 peer company average over the last 90-day period. The Cloud Computing Services peer group saw 26 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 537,235 shares sold with company insiders having sold 19,569 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.
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