David Stover Buys Shares of NEXT
David Stover purchased 20,565 shares of NEXT, signaling confidence in the company.
Key Points
- David Stover bought 20,565 shares of NEXT on June 15, 2026, at a price of $0.0 per share.
- NEXT shares are trading at $7.73 with major holders like BlackRock owning 22.96 million shares.
- Analysts have mixed views with Citigroup initiating a 'buy' rating and a price target of $11.
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David Stover has increased his stake in NEXT by purchasing 20,565 shares on June 15, 2026. The shares were acquired at a price of $0.0 per share, reflecting a strategic move by the investor. This transaction wasn't part of a pre-planned trading program.
Other Institutional Activity in NEXT
BlackRock, Inc. added 1,735,010 shares, bringing its total holdings to 22,963,355 shares valued at about $175.9 million. Mubadala Investment Co PJSC held steady with 14,206,376 shares worth $108.8 million. Man Investment Partners (US) LP also maintained its position with 9,274,894 shares valued at $71.0 million. Vanguard Capital Management LLC made a significant addition, acquiring 5,906,171 shares, now holding shares worth $45.2 million. Catalyst Capital Advisors LLC added 574,080 shares, increasing its stake to 5,216,592 shares valued at approximately $39.9 million.
NextDecade Corporation Stock Up 5.2%
NEXT's shares are currently trading at $7.73. The company does not have a meaningful P/E ratio as it isn't profitable. Its stock has a 52-week low of $5.00 and a high of $9.50. The current market conditions show a 50-day moving average of $7.50 and a 200-day moving average of $7.80.
Insider Buying and Selling at NextDecade Corporation
On June 15, 2026, Charles Brown Jr. also purchased 11,965 shares of NEXT. Earlier, on May 13, 2026, Luke Boylston, the Controller, sold 1,312 shares at an average price of $8.54. Pamela K.M. Beall bought 71,500 shares on March 23, 2026, at $7.07 per share. Brian Belke acquired 49,149 shares on January 30, 2026.
Analysts Set New Price Targets
On May 13, 2026, Citigroup initiated coverage on NEXT with a 'buy' rating and set a price target of $11. Morgan Stanley maintained its 'hold' rating with an $8 target on April 21, 2026. The consensus among analysts is a 'hold' with an average target price of $8.0, based on insights from several firms.
Bottom Line
David Stover's recent purchase of NEXT shares indicates a personal confidence in the company's prospects. Institutional investors like BlackRock also hold significant positions, which could be seen as a positive signal. However, analyst opinions are mixed, with ratings ranging from 'hold' to 'buy', reflecting varied expectations about the company's future performance.
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