Nextracker Inc. (NASDAQ:NXT - Get Free Report) COO Nicholas Marco Miller sold 5,588 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $57.32, for a total value of $320,304.16. Following the transaction, the chief operating officer now directly owns 170,000 shares in the company, valued at $9,744,400. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Nicholas Marco Miller also recently made the following trade(s):
- On Thursday, June 12th, Nicholas Marco Miller sold 69,774 shares of Nextracker stock. The stock was sold at an average price of $59.65, for a total transaction of $4,162,019.10.
Nextracker Price Performance
Shares of Nextracker stock traded up $1.02 during trading hours on Thursday, reaching $58.58. The company had a trading volume of 1,915,181 shares, compared to its average volume of 2,713,926. The firm has a market cap of $8.57 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.48 and a beta of 2.39. Nextracker Inc. has a one year low of $30.93 and a one year high of $63.19. The business has a fifty day simple moving average of $52.32 and a 200 day simple moving average of $45.69.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Susquehanna raised their target price on Nextracker from $54.00 to $66.00 and gave the company a "positive" rating in a report on Thursday, May 15th. Fox Advisors lowered shares of Nextracker from an "overweight" rating to an "equal weight" rating in a research report on Thursday, May 15th. Piper Sandler reaffirmed an "overweight" rating on shares of Nextracker in a research report on Thursday, May 15th. Bank of America lifted their price target on Nextracker from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Barclays increased their price target on shares of Nextracker from $58.00 to $64.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.33.
Check Out Our Latest Analysis on NXT
Institutional Trading of Nextracker
A number of institutional investors have recently added to or reduced their stakes in the stock. Flputnam Investment Management Co. boosted its position in shares of Nextracker by 2.4% in the first quarter. Flputnam Investment Management Co. now owns 8,621 shares of the company's stock valued at $363,000 after acquiring an additional 201 shares during the period. Shell Asset Management Co. lifted its stake in Nextracker by 0.4% in the 4th quarter. Shell Asset Management Co. now owns 57,329 shares of the company's stock worth $2,094,000 after purchasing an additional 228 shares in the last quarter. Signaturefd LLC boosted its holdings in Nextracker by 10.2% in the 1st quarter. Signaturefd LLC now owns 2,583 shares of the company's stock valued at $109,000 after purchasing an additional 239 shares during the period. Trust Investment Advisors boosted its holdings in Nextracker by 2.8% in the 1st quarter. Trust Investment Advisors now owns 9,609 shares of the company's stock valued at $405,000 after purchasing an additional 258 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Nextracker by 27.5% during the 1st quarter. Fifth Third Bancorp now owns 1,204 shares of the company's stock valued at $51,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 67.41% of the company's stock.
About Nextracker
(
Get Free Report)
Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Nextracker, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nextracker wasn't on the list.
While Nextracker currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
