24,419 Shares in Nextracker Inc. $NXT Purchased by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. purchased a new position in Nextracker Inc. (NASDAQ:NXT) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,419 shares of the company’s stock, valued at approximately $1,328,000.

A number of other institutional investors also recently bought and sold shares of NXT. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Nextracker in the 1st quarter valued at $210,000. Envestnet Asset Management Inc. lifted its position in Nextracker by 4.5% during the first quarter. Envestnet Asset Management Inc. now owns 101,095 shares of the company’s stock valued at $4,260,000 after purchasing an additional 4,352 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in Nextracker by 17.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 375,263 shares of the company’s stock valued at $15,814,000 after purchasing an additional 55,000 shares during the last quarter. New Mexico Educational Retirement Board grew its position in Nextracker by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 30,000 shares of the company’s stock worth $1,264,000 after purchasing an additional 5,100 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of Nextracker by 48.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,768 shares of the company’s stock valued at $117,000 after buying an additional 909 shares during the last quarter. 67.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Nextracker

In related news, President Howard Wenger sold 5,703 shares of Nextracker stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $70.00, for a total value of $399,210.00. Following the sale, the president directly owned 414,256 shares in the company, valued at approximately $28,997,920. The trade was a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Charles D. Boynton sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $67.21, for a total value of $302,445.00. Following the sale, the chief financial officer owned 295,059 shares of the company’s stock, valued at approximately $19,830,915.39. This trade represents a 1.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,420 shares of company stock worth $1,092,930 over the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Nextracker Stock Performance

Shares of NASDAQ NXT opened at $104.63 on Friday. The firm has a market cap of $15.48 billion, a PE ratio of 27.18, a PEG ratio of 2.66 and a beta of 2.31. The firm has a fifty day moving average of $81.73 and a 200 day moving average of $65.81. Nextracker Inc. has a one year low of $33.29 and a one year high of $112.74.

Nextracker (NASDAQ:NXT) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.21. Nextracker had a net margin of 17.08% and a return on equity of 35.05%. The business had revenue of $905.27 million for the quarter, compared to the consensus estimate of $839.53 million. Nextracker has set its FY 2026 guidance at 4.040-4.250 EPS. On average, equities analysts predict that Nextracker Inc. will post 3.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NXT shares. Zacks Research upgraded Nextracker to a “hold” rating in a research report on Tuesday, August 12th. Northland Capmk cut shares of Nextracker from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group increased their price target on shares of Nextracker from $89.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, October 27th. TD Cowen lifted their price objective on shares of Nextracker from $65.00 to $88.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Roth Capital set a $120.00 price objective on shares of Nextracker in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.05.

About Nextracker

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.