NextNRG (NASDAQ:NXXT) Director Daniel Ronald Arbour Sells 31,446 Shares of Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 31,446 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $1.46, for a total transaction of $45,911.16. Following the completion of the transaction, the director directly owned 86,513 shares in the company, valued at approximately $126,308.98. This represents a 26.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 transaction 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 stock was 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 transaction of $55,162.79.

NextNRG Stock Down 1.4%

Shares of NASDAQ NXXT opened at $1.42 on Wednesday. NextNRG Inc. has a 52-week low of $0.93 and a 52-week high of $4.34. The business’s 50 day moving average is $1.56 and its two-hundred day moving average is $1.83. The firm has a market cap of $190.86 million, a price-to-earnings ratio of -0.70 and a beta of -0.53.

NextNRG (NASDAQ:NXXT) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $22.86 million for the quarter, compared to analyst estimates of $20.93 million.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NXXT. Millennium Management LLC bought a new position in NextNRG in the third quarter worth about $66,000. Virtu Financial LLC acquired a new position in shares of NextNRG during the third quarter valued at approximately $139,000. Vanguard Group Inc. raised its stake in shares of NextNRG by 131.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company’s stock worth $1,920,000 after buying an additional 595,448 shares in the last quarter. JPMorgan Chase & Co. raised its position in NextNRG by 94.0% in the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock worth $43,000 after acquiring an additional 11,261 shares in the last quarter. Finally, Forefront Wealth Partners LLC acquired a new stake in NextNRG during the third quarter valued at approximately $917,000. 10.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NXXT. HC Wainwright started coverage on shares of NextNRG in a report on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research report on Wednesday, October 8th. Zacks Research upgraded NextNRG to a “hold” rating in a report on Wednesday, September 3rd. Finally, Wall Street Zen upgraded shares of NextNRG from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.