Nutanix president and CCO Tarkan Maner sells $4.76m in stock

Tarkan Maner, President and Chief Commercial Officer of Nutanix, Inc., sold 69,778 shares of the company's Class A Common Stock on September 24, 2026. The transactions were worth approximately $4.76 million, with shares exchanged at prices between $68.20 and $68.29 per share, averaging at $68.2332 per share. Following the sale, Mr. Maner retained a direct beneficial ownership of 33,647 shares of Nutanix Class A Common Stock.

Nutanix's shares have experienced a 74% surge over the past six months, trading close to $68.02. Analysts consider Nutanix undervalued, placing it among the most undervalued companies. Investors can delve into Nutanix's detailed Pro Research Report for further insights. Nutanix recently received positive news with BofA Securities raising its price target to $78, citing the company's fourth-quarter fiscal 2026 revenue of $757 million, which surpassed expectations and showed a 16% year-over-year increase.

Annual recurring revenue also grew by 16%, reaching $2.549 billion. RBC Capital and Needham also increased their price targets to $90 and $85 respectively, highlighting Nutanix's solid financial performance and robust growth prospects driven by AI and Kubernetes adoption.