President & Chief Commercial Officer Tarkan Maner Sold A Bunch Of Shares In Nutanix
We wouldn't blame Nutanix, Inc. (NASDAQ:NTNX) shareholders if they were a little worried about the fact that Tarkan Maner, the President & Chief Commercial Officer recently netted about US$4.8m selling shares at an average price of US$68.23. That diminished their holding by a very significant 67%, which arguably implies a strong desire to reallocate capital.
Nutanix Insider Transactions Over The Last Year
In fact, the recent sale by Tarkan Maner was the biggest sale of Nutanix shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$68.03. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Tarkan Maner sold a total of 119.04k shares over the year at an average price of US$62.40. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for Nutanix
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Does Nutanix Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Nutanix insiders own 0.6% of the company, currently worth about US$105m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Nutanix Tell Us?
An insider sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that Nutanix is growing earnings. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Nutanix.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.