Nextracker Inc. (NASDAQ:NXT – Get Free Report) insider Bruce Ledesma sold 12,135 shares of Nextracker stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $43.91, for a total transaction of $532,847.85. Following the sale, the insider now owns 17,387 shares in the company, valued at $763,463.17. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Nextracker Price Performance
Shares of NASDAQ:NXT opened at $56.77 on Friday. Nextracker Inc. has a 1-year low of $32.14 and a 1-year high of $62.14. The business has a fifty day moving average price of $48.86 and a 200-day moving average price of $48.24. The company has a market capitalization of $7.75 billion, a PE ratio of 16.90 and a beta of 2.42.
Institutional Investors Weigh In On Nextracker
Large investors have recently bought and sold shares of the business. 1832 Asset Management L.P. grew its stake in shares of Nextracker by 0.3% during the 1st quarter. 1832 Asset Management L.P. now owns 80,190 shares of the company’s stock valued at $4,512,000 after purchasing an additional 275 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Nextracker in the 1st quarter worth approximately $25,000. Keybank National Association OH increased its stake in Nextracker by 7.1% in the 3rd quarter. Keybank National Association OH now owns 6,825 shares of the company’s stock worth $274,000 after acquiring an additional 455 shares during the last quarter. Paradice Investment Management LLC increased its stake in Nextracker by 9.3% in the 1st quarter. Paradice Investment Management LLC now owns 5,682 shares of the company’s stock worth $320,000 after acquiring an additional 482 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Nextracker by 3.4% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 16,239 shares of the company’s stock valued at $652,000 after purchasing an additional 541 shares during the last quarter. 67.41% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on NXT
About Nextracker
Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.
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