Nano Nuclear Energy (NASDAQ:NNE) CFO Jaisun Garcha Sells 37,215 Shares of Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CFO Jaisun Garcha sold 37,215 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the completion of the transaction, the chief financial officer directly owned 345,000 shares of the company’s stock, valued at approximately $9,135,600. This trade represents a 9.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Stock Down 9.9%

Nano Nuclear Energy stock opened at $23.56 on Friday. The business has a 50 day moving average price of $24.65 and a two-hundred day moving average price of $27.62. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a 12 month low of $18.93 and a 12 month high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.08. On average, analysts expect that Nano Nuclear Energy Inc. will post -1.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. raised its holdings in shares of Nano Nuclear Energy by 9.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 4,369 shares of the company’s stock worth $105,000 after buying an additional 381 shares in the last quarter. US Bancorp DE raised its holdings in shares of Nano Nuclear Energy by 51.9% in the 3rd quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after buying an additional 400 shares in the last quarter. Swiss National Bank increased its holdings in Nano Nuclear Energy by 1.2% during the 3rd quarter. Swiss National Bank now owns 60,300 shares of the company’s stock valued at $2,325,000 after purchasing an additional 700 shares in the last quarter. Arizona State Retirement System increased its holdings in Nano Nuclear Energy by 8.6% during the 3rd quarter. Arizona State Retirement System now owns 9,179 shares of the company’s stock valued at $354,000 after purchasing an additional 727 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Nano Nuclear Energy by 4.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 19,058 shares of the company’s stock valued at $390,000 after purchasing an additional 793 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NNE. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Key Headlines Impacting Nano Nuclear Energy

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: NNE has recently caught a bid from sector momentum after EPA Chief Lee Zeldin highlighted nuclear power and small modular reactor buildout as an area of optimism for U.S. energy policy. Article Title
• Neutral Sentiment: Investor attention remains elevated around the stock’s volatility, with recent commentary noting strong month-over-month gains but uneven performance over longer periods. Article Title
• Negative Sentiment: Multiple insiders disclosed significant share sales, including CEO James John Walker, chairman Jiang Yu, CFO Jaisun Garcha, and directors Seth Jason Berl and Diane Elizabeth Hare, which can signal caution and often weighs on sentiment. The largest transaction was a 700,000-share sale by a major shareholder/insider tied to Jiang Yu at about $26.68 per share. Article Title Article Title Article Title Article Title Article Title Article Title Article Title

About Nano Nuclear Energy

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.