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An update from Megaport ( (AU:MP1) ) is now available.
Megaport Limited announced a change in the director’s interest, specifically involving Michael Reid. The change pertains to the lapse of 2,301 performance restricted stock units (PRSUs) that were due to vest on September 1, 2025, as the conditions for vesting were not met. This adjustment reflects the company’s adherence to its Restricted Stock Unit program and shareholder-approved plans, potentially impacting the director’s stake and signaling the company’s commitment to performance-based incentives.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$15.50 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
More about Megaport
Megaport Limited operates in the technology industry, providing network services that facilitate connectivity and cloud services. The company focuses on offering scalable and flexible solutions for businesses seeking to optimize their network infrastructure.
Average Trading Volume: 652,561
Technical Sentiment Signal: Buy
Current Market Cap: A$2.53B
Find detailed analytics on MP1 stock on TipRanks’ Stock Analysis page.