The Xero Ltd (ASX: XRO) share price is sliding again on Monday following a new announcement from the accounting software company.

At the time of writing, Xero shares are down 4.24% to $70.29. The S&P/ASX All Technology Index (ASX: XTX) is also lower, although its 1.33% fall is much smaller.

The latest drop adds to a painful year for shareholders. Xero shares have now fallen almost 40% in 2026 and around 60% over the past 12 months.

Here’s the latest.

CEO sells remaining ordinary shares

According to the release, Singh Cassidy sold 29,608 Xero shares on market on 7 July at $74 apiece.

The transaction was worth just over $2.19 million, with Xero saying the sale was made to manage personal tax obligations.

Interestingly, the sale means Singh Cassidy no longer holds any ordinary Xero shares directly. However, she still has plenty riding on the company through 171,381 restricted stock units and 1,038,308 unlisted options.

Those holdings leave her with plenty of exposure to how Xero performs from here.

More than $7.5 million sold since May

The latest sale follows another large disposal by Singh Cassidy only a few weeks earlier.

Between 26 May and 2 June, she sold 70,737 Xero shares for around $5.4 million. Xero also said those sales were made to cover tax obligations.

Combined, the two transactions have seen the Chief Executive sell 100,345 shares worth roughly $7.6 million since late May.

Both sales have been linked to tax obligations, but the timing isn’t a great look when Xero shares are already trading near their 52-week low of $65.

Strong growth has not stopped the slide

Xero’s share price had already been falling despite solid growth in the underlying business.

Its FY26 result showed operating revenue rising 31% to NZ$2.75 billion, while adjusted EBITDA increased 18% to NZ$757.4 million. Net profit fell 27% to NZ$167.4 million as acquisition costs linked to US payments business Melio weighed on the result.

Management expects FY27 operating revenue of between NZ$3.62 billion and NZ$3.73 billion. Adjusted EBITDA is forecast to reach NZ$860 million to NZ$920 million.

Why are Xero shares falling?

Today’s CEO sale seems be adding to the selling, while the weaker tech sector is also working against the stock.

However, the 60% decline over the past year points to much bigger concerns.

Investors are weighing the price paid for Melio, higher costs, and the time needed to turn faster US growth into stronger profits.

The business is still growing revenue and customers, but the market wants to see more of that growth flow through to the bottom line.

The post Another CEO share sale has this ASX 100 tech stock sinking today appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Silex Systems Ltd (ASX: SLX) is an interesting company in that it’s aspiring to be part of the uranium supply chain, but on the technology front rather than the mining front.

Uranium technology delivering results

The company is focused on commercialising the Silex laser isotope separation technology, which can be used to produce different grades of fuel for the nuclear power industry.

The company held an investor day recently where it invited analysts, including those from Shaw and Partners, to visit its facilities at Lucas Heights in New South Wales.

Shaw and Partners said in a note to clients following the visit:

Silex management outlined the progress post achieving Technology Readiness Level 6 (TRL-6) last year. The first phase of commercialisation is reprocessing tails at the Paducah facility in Kentucky. Silex is on track for first production of uranium in 2030. On the site visit we also saw the zero spin silicon enrichment project in dry commissioning.

The Silex technology is owned by a joint venture company, Global Laser Enrichment (GLE), which is 51% owned by Silex and 49% owned by uranium major Cameco.

Shaw and Partners said the achievement of TRL-6, “started the clock ticking on Cameco’s option to acquire a 26% stake in GLE to move to 75% ownership”.

They added:

Cameco now has 30 months to make a decision. We note that Cameco is making increasingly optimistic comments about GLE on its result calls. We hosted a call with Cameco early this week at which Cameco repeated its optimism on the GLE technology.

Shaw and Partners said the Silex technology had the potential to re-enrich about 150 million pounds of previously processed uranium tailings back into mine-grade uranium.

They added:

One way to think about this opportunity is that (the Paducah facility) I will be a 5Mlb/yr uranium mine producing uranium at a cash cost of less than US$30/lb. For reference, Paladin’s Langer Heinrich operation is expected to produce 5-6Mlb of uranium at a cash cost in the high US$30s/lb once at full operation.

Silicon also a potentially large oppportunity

The company also announced on 29 June the construction of the world’s first laser-based silicon enrichment plant.

The company said:

Enriched silicon-28 in the form of high-purity Q-Si is required for next-generation silicon-based quantum computers being developed by advanced semiconductor companies around the world. Quantum computers, the first of which are expected to be commercialised by the end of the decade, could revolutionise the computing industry by providing an immense increase in computing power, compared to today’s most advanced classical chips made by companies such as Nvidia, Intel, IBM and AMD. Quantum computing is therefore expected to underpin a transformational performance uplift in the emerging Artificial Intelligence (AI) industry.

Shaw and Partners has a price target of $12.80 on Silex shares compared to $5.74 currently.

The company is valued at $1.59 billion.

The post This ASX uranium company could jump more than 100% in value: Broker appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Advanced Micro Devices, Cameco, Intel, International Business Machines, and Nvidia. The Motley Fool Australia has recommended Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

FleetPartners Group Ltd (ASX: FPR) shares are starting the week on the front foot.

At the time of writing, the FleetPartners share price is up 3.02% to $3.07.

The latest gain takes the ASX financial stock’s rise in 2026 to around 9%.

FleetPartners provides vehicle leasing, fleet management, and salary packaging services across Australia and New Zealand.

Investors are responding to the company’s third-quarter business update released this morning.

Here’s what FleetPartners reported.

New business growth picks up

FleetPartners said new business written rose 8% during the 9 months to June compared with the same period last year.

Growth accelerated during the third quarter, with new business written up 24% from a year earlier. The company wrote $246 million of new business during the quarter.

FleetPartners also completed $14 million of sale-and-leaseback transactions, while its June pipeline was 27% above the average level recorded during the first half.

The stronger result has prompted management to upgrade its FY26 new business written outlook from marginal growth to high-single-digit growth.

The company said the economic environment remains challenging, but new customer wins, contract renewals, and continued growth from smaller fleet customers are supporting the pipeline.

Core income continues to rise

Assets under management or financed (AUMOF) increased 6% year to date, while core income grew 7%.

FleetPartners had around 67,000 funded vehicles at the end of June, up 2% from March.

The novated leasing business also performed well, with new business written rising 20% from the prior corresponding period.

Management said stronger electric vehicle demand, increased sales activity, and the acquisition of Remunerator supported the growth.

The company still expects AUMOF to grow at a mid-single-digit rate in FY26, while its core margin should remain relatively stable.

Used-car market weighs on lease-end income

FleetPartners sold 1,618 vehicles during the quarter, a 31% reduction from the previous quarter. End-of-lease income came in at $8 million, while profit per unit fell to $4,951.

The company chose to hold back vehicles rather than accept weaker prices in a softer used-car market. Inventory increased by 448 units during the quarter as a result.

FleetPartners expects sales volumes and lease-end income to improve in the fourth quarter as the winter slowdown eases. However, lease-end income is still expected to remain below the levels recorded in the first two quarters.

Why are FleetPartners shares rising?

The upgrade to FY26 new business written is helping drive today’s gain.

FleetPartners is also growing its funded asset base and core income, while its pipeline remains well ahead of the first-half average.

The used-car market is still weighing on lease-end income, although management avoided selling more vehicles into weaker pricing.

The final quarter will show whether better disposal volumes can lift lease-end income as management expects.

The post Why this ASX financial stock is moving higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.