Nextracker Inc’s filing revealed that its Chief Legal & Compliance Ofc LEDESMA BRUCE unloaded Company’s shares for reported $1.65 million on May 16 ’25. In the deal valued at $60.17 per share,27,453 shares were sold. As a result of this transaction, LEDESMA BRUCE now holds 120,972 shares worth roughly $7.06 million.
Then, Wenger Howard sold 5,703 shares, generating $342,180 in total proceeds. Upon selling the shares at $60.00, the President now owns 213,686 shares.
Before that, LEDESMA BRUCE bought 27,453 shares. Nextracker Inc shares valued at $1,651,847 were divested by the Officer at a price of $60.17 per share.
TD Cowen reiterated its Nextracker Inc [NXT] rating to a Hold in a research note published on May 15, 2025; the price target was $55. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “an Equal weight”. Guggenheim also remained covering NXT and has decreased its forecast on May 14, 2025 with a “Neutral” recommendation from previously “Buy” rating. RBC Capital Mkts started covering the stock on March 17, 2025. It rated NXT as “an Outperform”.
Price Performance Review of NXT
On Monday, Nextracker Inc [NASDAQ:NXT] saw its stock fall -1.64% to $58.34. Over the last five days, the stock has gained 15.23%. Nextracker Inc shares have risen nearly 59.70% since the year began. Nevertheless, the stocks have risen 26.88% over the past one year.
How much short interest is there in Nextracker Inc?
A steep rise in short interest was recorded in Nextracker Inc stocks on 2025-04-30, growing by 0.4 million shares to a total of 8.77 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 8.37 million shares. There was a rise of 4.57%, which implies that there is a positive sentiment for the stock.
