Insider Selling: NextNRG (NASDAQ:NXXT) Director Sells $45,911.16 in Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 31,446 shares of NextNRG stock in a transaction on Monday, December 29th. The stock was sold at an average price of $1.46, for a total transaction of $45,911.16. Following the sale, the director owned 86,513 shares of the company’s stock, valued at $126,308.98. The trade was a 26.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Daniel Ronald Arbour also recently made the following trade(s):

• On Tuesday, December 30th, Daniel Ronald Arbour sold 6,751 shares of NextNRG stock. The shares were sold at an average price of $1.53, for a total value of $10,329.03.
• On Tuesday, December 9th, Daniel Ronald Arbour sold 27,891 shares of NextNRG stock. The stock was sold at an average price of $1.31, for a total value of $36,537.21.
• On Friday, December 5th, Daniel Ronald Arbour sold 23,859 shares of NextNRG stock. The shares were sold at an average price of $1.25, for a total value of $29,823.75.
• On Monday, December 1st, Daniel Ronald Arbour sold 42,109 shares of NextNRG stock. The shares were sold at an average price of $1.31, for a total value of $55,162.79.

NextNRG Stock Up 2.1%

Shares of NASDAQ:NXXT opened at $1.45 on Friday. NextNRG Inc. has a 52-week low of $0.93 and a 52-week high of $4.34. The stock has a market cap of $194.89 million, a price-to-earnings ratio of -0.72 and a beta of -0.56. The business has a 50-day moving average price of $1.55 and a 200-day moving average price of $1.83.

NextNRG (NASDAQ:NXXT) last issued its earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The company had revenue of $22.86 million during the quarter, compared to analysts’ expectations of $20.93 million.

Institutional Trading of NextNRG

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in NextNRG in the second quarter valued at $26,000. Intech Investment Management LLC purchased a new position in shares of NextNRG in the 2nd quarter valued at about $29,000. JPMorgan Chase & Co. purchased a new position in shares of NextNRG in the 2nd quarter valued at about $33,000. Veracity Capital LLC acquired a new position in NextNRG in the 2nd quarter worth about $34,000. Finally, Millennium Management LLC purchased a new position in NextNRG during the third quarter worth approximately $66,000. Institutional investors and hedge funds own 10.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on NXXT shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a report on Wednesday, October 8th. Wall Street Zen raised NextNRG from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

About NextNRG

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.