NUAI 10% Owner Kent C Mccarthy Sells $16M of Stock
A major shareholder offloaded over four million shares of the digital infrastructure developer as the stock trades below its moving averages.
Reviewed by automated data checks against the source filing. How we make and check alerts
Kent C Mccarthy, 10% Owner at New Era Energy & Digital, Inc. ($NUAI), sold 4,290,000 shares at an average price of $3.62, worth about $15.55 million, on October 14, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $NUAI is down 8.8% to date (from the $3.41 close on Oct 14, 2026).
NUAI
New Era Energy & Digital, Inc.
Key Points
- Ten percent owner Kent C McCarthy sold 4,290,000 shares of New Era Energy & Digital, Inc. on October 14, 2026, for about $15.5 million.
- The stock recently traded at $3.11, sitting well below its 50-day moving average of $5.58 ahead of the November 12, 2026 earnings report.
- Wall Street analysts maintain a strong buy consensus with a mean target price of $11.67.
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Kent C McCarthy, a major shareholder holding over ten percent of New Era Energy & Digital, Inc. (NasdaqGM: NUAI), sold 4,290,000 shares of the company on October 14, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the transaction took place at a price of $3.62 per share, for a total value of about $15.5 million.
Inside Kent C McCarthy's Trade
The large disposition follows an earlier purchase earlier in the month when the same insider picked up 250,000 shares on October 9, 2026, at $4.77 per share. This latest sale represents a substantial reduction in holdings for the 10% owner, executed in the open market without a pre-arranged Rule 10b5-1 plan.
Other Institutional Activity in New Era Energy & Digital, Inc.
Hood River Capital Management LLC grew its holdings by 4,298,492 shares, ending with 8,596,985 shares worth about $26.7 million. Conversant Capital LLC grew its holdings by 1,757,500 shares, ending with 3,515,000 shares worth about $10.9 million. Marshall Wace LLP grew its holdings by 1,855,597 shares, ending with 2,167,583 shares worth about $6.7 million. Tyro Capital Management LLC grew its holdings by 961,442 shares, ending with 1,922,883 shares worth about $6.0 million. Alyeska Investment Group, L.P. grew its holdings by 856,343 shares, ending with 1,712,686 shares worth about $5.3 million.
New Era Energy & Digital, Inc. Stock Down 8.8%
The stock recently traded around $3.11, putting it down about 44.3% from its 50-day moving average of $5.58 and roughly 38.3% below its 200-day moving average of $5.04. Shares have traded in a 52-week range between $2.01 and $9.45, leaving the recent price well above the yearly low but far off the high. This backdrop frames a volatile period for the infrastructure developer as it approaches its next financial update.
Recent Earnings
Recent earnings and financial details are summarized for context.
Insider Buying and Selling at New Era Energy & Digital, Inc.
Prior insider activity included multiple transactions prior to this event, including sales by executive officers in late 2024 and McCarthy's own purchase earlier in October 2026.
Analysts Set New Price Targets
Analyst coverage includes a strong buy consensus recommendation with an average price target of $11.67.
About New Era Energy & Digital, Inc.
New Era Energy & Digital develops next-generation digital infrastructure and integrated power assets designed for artificial intelligence hyperscalers. The company centers its operations around a large Texas project in Ector County and operates with a small team based in Midland, Texas.
Bottom Line
Investors will look toward the company's next earnings report scheduled for November 12, 2026, for updates on its digital infrastructure projects and financial path. No investment advice is implied by this reporting.
Related Filing Alerts
Source: Kent C Mccarthy's Form 4 filing on $NUAI (Oct 14, 2026). Read the original filing: Form 4 filing on SEC EDGAR. Written by software, not financial advice. How we make alerts