Sagi Niri Sells Shares of Nexxen International Ltd.
Nexxen's CFO, Sagi Niri, sold 68,886 shares in a planned transaction.
Key Points
- Sagi Niri, CFO of Nexxen International, sold 68,886 shares valued at $625,670 on June 29, 2026.
- Nexxen's stock traded near $9.03 on Wednesday, with a market cap of $503.2 million and a P/E ratio of 30.1.
- Institutional activity saw BlackRock reduce its holdings by 191,807 shares, while Morgan Stanley increased by 139,730 shares.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 29, 2026, Sagi Niri, the Chief Financial Officer of Nexxen International Ltd. (NasdaqGM: NEXN), sold 68,886 shares in a planned transaction. The shares were sold at an average price of $9.08, totaling approximately $625,670.87. This is part of a series of planned sales by Niri, reflecting his role in managing his personal portfolio.
Insider Buying and Selling at Nexxen International Ltd.
Sagi Niri, Nexxen's CFO, has been actively managing his shares in recent weeks. On June 30, he sold an additional 6,183 shares at $9.13 per share. Earlier sales include 2,098 shares on June 17 at $8.78, 34,667 shares on June 16 at $8.78, 1,160 shares on June 15 at $8.71, and 200 shares on June 12 at $8.70. All transactions were part of a pre-arranged plan.
Other Institutional Activity in Nexxen International Ltd.
In the latest institutional activity, BlackRock, Inc. reduced its holdings in Nexxen by 191,807 shares, ending with 1,721,733 shares valued at about $11.23 million, marking a 10% decrease. Meanwhile, Morgan Stanley increased its stake by 139,730 shares, bringing their total to 578,675 shares worth approximately $3.77 million, a 31.8% increase. Rice Hall James & Associates, LLC also increased its position by 149,084 shares, ending with 2,117,412 shares worth around $13.81 million, a 7.6% increase.
Nexxen International Ltd. Stock Down 11.7%
Shares of Nexxen International Ltd. traded near $9.03 on Wednesday. The company has a market capitalization of approximately $503.2 million and a price-to-earnings (P/E) ratio of 30.1, with a forward P/E of 7.27. Nexxen's stock has ranged from a 52-week low of $5.60 to a high of $11.59. The stock's 50-day moving average is $8.08, while the 200-day moving average stands at $7.39. Nexxen has a beta of 1.481, indicating its higher volatility compared to the market.
$NEXN stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 17, 2026, Raymond James maintained a 'buy' rating for Nexxen with a price target of $11.0. Similarly, Scotiabank and Needham also maintained their 'buy' ratings with targets of $11.0 and $10.5, respectively. The consensus among analysts is a 'buy' rating, with a mean target price of $12.79 based on 10 analyst opinions.
About Nexxen International Ltd.
Nexxen International Ltd., headquartered in Tel Aviv-Yafo, Israel, operates in the Communication Services sector, specifically within the Advertising Agencies industry. The company provides a comprehensive platform for advertising campaigns, offering solutions such as demand side and supply side platforms, data analytics, and creative services. Under the leadership of CEO Ofer Druker, Nexxen serves brands, agencies, and digital publishers worldwide, employing 909 people.
Bottom Line
Sagi Niri's recent share sales are planned and part of his financial strategy. Nexxen International Ltd. continues to be closely watched by investors, with institutional activities reflecting varied strategies. The company's stock remains active, with analysts maintaining strong 'buy' recommendations, indicative of market confidence. Investors should remember that insider transactions like these are routine and part of personal portfolio management.
Get Nexxen International Ltd. alerts
New 13F filings, insider trades, and analyst moves on $NEXN, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.