Thursday, January 04, 2018 10:15 PM ET
Nutanix (NTNX) Insider Makes Significant Share Sale
There was a notable sale of shares of Nutanix by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Kenneth W Long III, Officer — sold 60,000 shares in the company having a market value of approximately $2,151,930. There have been 3 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 264,500 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 324,500 shares and have averaged 81,125 shares per transaction over this time period.
Insider buy/sell trading at Nutanix is greater than the 18 peer company average over the last 90-day period. The Cloud Computing Services peer group saw 30 buy/sell trades during this period for an average of 1.7 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 610,229 shares sold with company insiders disposing of 19,393 shares on average.
The data used in evaluating 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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