Nutanix CEO Rajiv Ramaswami sells $6.7 million in stock

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Nutanix CEO Rajiv Ramaswami sells $6.7 million in stock

//stocks-investing.news-articles.net/content/202 .. -rajiv-ramaswami-sells-6-7-million-in-stock.html

Published in Stocks and Investing on Friday, February 7th 2025 at 9:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Rajiv Ramaswami, the President and CEO of Nutanix, Inc. (NASDAQ:NTNX), has sold 95,852 shares of the company's Class A common stock. The sale, which took place on February 4, was executed at a price of $70 per share,

Rajiv Ramaswami, the CEO of Nutanix, sold approximately $6.7 million worth of company stock on June 18, 2024, as part of a pre-arranged trading plan. This sale involved 23,986 shares sold at an average price of $56.28 per share. Ramaswami's decision to sell was made under a Rule 10b5-1 plan, which allows company insiders to set up a trading plan for selling stocks they own, providing a defense against accusations of insider trading. Despite this sale, Ramaswami still holds a significant amount of Nutanix stock, indicating his continued confidence in the company's future. Nutanix, known for its cloud computing and hyperconverged infrastructure solutions, has been performing well, with its stock price reflecting positive market sentiment.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/topstocks/nutanix-ceo-rajiv-ramaswami-sells-6-7-million-in-stock/ar-AA1yyAPI ]