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An announcement from Nextdc Limited ( (AU:NXT) ) is now available.
NEXTDC director Douglas Flynn has increased his indirect shareholding in the company through participation in the group’s recent entitlement offer. Flynn, via his superannuation-related entity DR & LC Flynn Nominees Pty Ltd, acquired 23,712 ordinary shares at $12.70 each, taking that vehicle’s holding to 151,754 shares while his family trust holding remains unchanged.
The transaction, disclosed to the ASX in a change of director’s interest notice, reflects a modest uplift in board-level alignment with shareholders as NEXTDC proceeds with capital-raising activities. The purchase under the entitlement structure indicates Flynn took up additional equity on the same terms as other eligible investors, signalling continued confidence in the company’s growth and investment plans.
The most recent analyst rating on (AU:NXT) stock is a Buy with a A$22.00 price target. To see the full list of analyst forecasts on Nextdc Limited stock, see the AU:NXT Stock Forecast page.
More about Nextdc Limited
NEXTDC Limited operates data centres, providing colocation and cloud connectivity services to enterprise and government customers in Australia. The company focuses on digital infrastructure that supports high-availability computing and interconnection for organisations undergoing cloud and digital transformation.
Average Trading Volume: 2,724,140
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.8B
For a thorough assessment of NXT stock, go to TipRanks’ Stock Analysis page.