Insider Selling: NuScale Power (NYSE:SMR) Director Sells 820,861 Shares of Stock

Key Points

• NuScale Power Director Corp Fluor sold **820,861 shares** of the company’s stock at an average price of **$40.68**, totaling approximately **$33.39 million**, which reduced their ownership by **90.33%**.
• Following the recent transactions, Corp Fluor now holds just **87,900 shares** valued at about **$3.58 million** after selling a series of large blocks of shares over the past weeks.
• NuScale Power's stock has experienced volatile trading, reaching a **1-year high of $53.50** and a **1-year low of $11.08**, with a current trading price of approximately **$40.59**.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 820,861 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $40.68, for a total transaction of $33,392,625.48. Following the transaction, the director owned 87,900 shares in the company, valued at approximately $3,575,772. The trade was a 90.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Corp Fluor also recently made the following trade(s):

• On Wednesday, October 8th, Corp Fluor sold 87,900 shares of NuScale Power stock. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00.
• On Monday, October 6th, Corp Fluor sold 854,033 shares of NuScale Power stock. The stock was sold at an average price of $42.41, for a total value of $36,219,539.53.
• On Friday, October 3rd, Corp Fluor sold 797,572 shares of NuScale Power stock. The shares were sold at an average price of $39.97, for a total transaction of $31,878,952.84.
• On Thursday, October 2nd, Corp Fluor sold 863,912 shares of NuScale Power stock. The shares were sold at an average price of $38.42, for a total value of $33,191,499.04.
• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The stock was sold at an average price of $36.52, for a total value of $19,441,568.08.
• On Tuesday, September 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The stock was sold at an average price of $36.72, for a total value of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total value of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The stock was sold at an average price of $37.97, for a total value of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The shares were sold at an average price of $37.67, for a total value of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The stock was sold at an average price of $40.49, for a total value of $31,336,061.29.

NuScale Power Price Performance

Shares of NYSE:SMR traded up $2.39 during trading on Thursday, reaching $40.59. 21,790,257 shares of the stock were exchanged, compared to its average volume of 12,632,041. NuScale Power Corporation has a 1-year low of $11.08 and a 1-year high of $53.50. The stock has a fifty day moving average of $38.25 and a two-hundred day moving average of $31.91. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of -34.11 and a beta of 2.02.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The business had revenue of $8.05 million during the quarter, compared to analysts' expectations of $10.49 million. Sell-side analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

Institutional Trading of NuScale Power

Several hedge funds and other institutional investors have recently bought and sold shares of SMR. Wealth Enhancement Advisory Services LLC purchased a new position in NuScale Power in the 4th quarter valued at about $207,000. GAMMA Investing LLC raised its stake in NuScale Power by 5,590.4% during the first quarter. GAMMA Investing LLC now owns 15,364 shares of the company's stock worth $218,000 after acquiring an additional 15,094 shares during the period. Rhumbline Advisers increased its stake in shares of NuScale Power by 12.8% in the first quarter. Rhumbline Advisers now owns 125,708 shares of the company's stock valued at $1,780,000 after purchasing an additional 14,304 shares during the period. NBC Securities Inc. increased its stake in shares of NuScale Power by 165,450.0% in the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock valued at $46,000 after purchasing an additional 3,309 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of NuScale Power by 122.1% in the first quarter. Park Avenue Securities LLC now owns 36,451 shares of the company's stock valued at $516,000 after purchasing an additional 20,039 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SMR. Royal Bank Of Canada started coverage on NuScale Power in a report on Monday, September 15th. They set a "sector perform" rating and a $35.00 price objective for the company. BTIG Research cut NuScale Power from a "buy" rating to a "neutral" rating in a report on Wednesday, June 25th. Weiss Ratings restated a "sell (e+)" rating on shares of NuScale Power in a report on Wednesday. Northland Capmk raised shares of NuScale Power to a "hold" rating in a research report on Monday, July 7th. Finally, Barclays assumed coverage on NuScale Power in a research report on Monday, September 29th. They issued an "equal weight" rating and a $45.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $36.67.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

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