On relatively low volume... I think too many retail investors in it.
Don't remind me 😔
Seems like a good acquisition target if the market doesn't reward them for a ratable rev model soonish
The guy who founded it also worked on Thoughtspot which, is an awesome product. But, I don’t get what Nutanix does or where do they fit? What are they solving? More than anything it sounds like a blender company though. Sorry guys whoever is working there. I know nothing about Nutanix so I might be wrong.
Not there any longer but I know a lot of people that are. Overall there is a lot of discontent inside the org and the poll with Business Insider confirms it. They spread themselves too thin buying up small companies trying to build a platform and lost focus on the core product. The CEO is the founder and an amazing visionary, but not great at identifying executive talent so there has been a lot of churn at that level. He is also out of his depth managing a company as large as they have become. Last issue is that the market has turned against them with most of the customers and prospects focused on moving applications to the cloud. The core product is amazing and I had several very large customers tell me it is the best OS they have ever seen in a data center, but that can't overcome market trends.
Dropbox : hold my beer
Nutanix is the only stock that is red in my portfolio as well. Even more concerning is dheeraj pandey the CEO of NTNX has been liquidating all of his shares. He's sold 240,274 shares of nutanix in the past couple months and only has 29,451 shares left that he owns. A CEO doesnt sell all of his stock before an acquisition or if earnings are going to be good. He sells it if his company his about to die. What do nutanix employees think of that?
That is just one lot of his shares and hence he has 29451 shares left. Do you really believe the CEO only has 1 million $ worth of shares left in his holdings? Adding up all his lots, he owns somewhere between 7-8% of the company. That’s about 12-14 million shares left in his name.
Yes i do believe he only has 1 million $ worth of shares left. Thats what the SEC reports show. Take a look at all the insider selling by executive leadership. They are dumping the stock. https://www.nasdaq.com/market-activity/stocks/ntnx/insider-activity?75862=
https://www.businessinsider.com/companies-with-the-least-happy-employees-wework-jp-morgan-2020-1 they are #1 in unsatisfaction
I was told the unhappy people at VMWare VSAN couldn’t vote because they lost access to blind because they were unfortunately let go.
Last year the company was punished in the first half for poor numbers reported. In the second half of the year, the company showed its on the path to recovery and the stock is actually up almost 80% from August. When the price tanks, it usually takes a long time for it to recover since the market wants more consistent and upward looking results. Another 2 to 3 quarters of good numbers should bring it back to the price at end of 2018/beginning of Jan 2019. Things in general are looking good given the focus on the core product and arming sales and marketing with right resources too. 2020 is a crucial year, the market won’t give it another chance. This article gives some balanced info. https://www.forbes.com/sites/robertdefrancesco/2020/01/31/nutanix-stock-rebounds-83-from-august-low-on-optimism-about-subscription-transition/amp/
Heard it’s a dumpster 🔥.