Nano Nuclear Energy (NASDAQ:NNE) CEO Sells $444,250.00 in Stock

Key Points

• CEO James Walker sold 25,000 shares of Nano Nuclear Energy at an average price of $17.77, generating $444,250. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 3.79% to 635,000 shares.
• NNE shares traded near $17.65, well below their 52-week high of $60.87. The company reported a quarterly loss of $0.19 per share, better than estimates, but revenue of $0.21 million missed expectations.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $39.00, while several institutional investors—including BlackRock and Mirae Asset Global ETFs—have recently built or expanded positions.

Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) CEO James Walker sold 25,000 shares of Nano Nuclear Energy stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $17.77, for a total value of $444,250.00. Following the sale, the chief executive officer directly owned 635,000 shares of the company's stock, valued at $11,283,950. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Stock Performance

NASDAQ NNE traded up $0.06 during trading hours on Thursday, reaching $17.65. The stock had a trading volume of 1,278,601 shares, compared to its average volume of 2,223,511. Nano Nuclear Energy Inc. has a 52-week low of $14.71 and a 52-week high of $60.87. The stock has a fifty day moving average of $18.36 and a 200 day moving average of $22.36. The stock has a market cap of $947.80 million, a P/E ratio of -25.58 and a beta of 5.41.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.26) by $0.07. The business had revenue of $0.21 million for the quarter, compared to analysts' expectations of $0.50 million. On average, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.8 EPS for the current year.

Analysts Set New Price Targets

NNE has been the subject of a number of research reports. Roth Capital began coverage on shares of Nano Nuclear Energy in a research report on Wednesday, June 17th. They set a "buy" rating and a $45.00 target price for the company. Wall Street Zen raised Nano Nuclear Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Alliance Global Partners began coverage on Nano Nuclear Energy in a research note on Monday, July 27th. They set a "buy" rating and a $46.00 price objective for the company. Benchmark reissued a "buy" rating on shares of Nano Nuclear Energy in a report on Thursday, August 13th. Finally, Northland Securities set a $37.00 target price on Nano Nuclear Energy in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

Institutional Trading of Nano Nuclear Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Nano Nuclear Energy in the 2nd quarter worth about $73,826,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Nano Nuclear Energy by 11,676.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company's stock worth $66,564,000 after buying an additional 1,711,592 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $38,224,000. Ghisallo Capital Management LLC purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $38,224,000. Finally, Regal Partners Ltd purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $23,535,000.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source