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

Nano Nuclear Energy Inc. (NASDAQ:NNE) CEO James Walker sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $17.77, for a total value of $444,250.00. Following the completion of the transaction, the chief executive officer owned 635,000 shares in the company, valued at $11,283,950. The trade was a 3.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Stock Up 0.3%

Shares of Nano Nuclear Energy stock traded up $0.06 during trading hours on Thursday, reaching $17.65. 1,278,601 shares of the company’s stock were exchanged, compared to its average volume of 2,223,511. Nano Nuclear Energy Inc. has a 1 year low of $14.71 and a 1 year high of $60.87. The company has a market capitalization of $947.80 million, a P/E ratio of -25.58 and a beta of 5.41. The business has a fifty day moving average of $18.36 and a two-hundred day moving average of $22.36.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.07. The business had revenue of $0.21 million during the quarter, compared to analysts’ expectations of $0.50 million. As a group, research analysts predict that Nano Nuclear Energy Inc. will post -0.8 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on NNE shares. Alliance Global Partners assumed coverage on shares of Nano Nuclear Energy in a report on Monday, July 27th. They issued a “buy” rating and a $46.00 price objective for the company. Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Truist Financial started coverage on Nano Nuclear Energy in a research report on Monday, July 13th. They issued a “hold” rating and a $22.00 price target for the company. New Street Research set a $45.00 price target on Nano Nuclear Energy in a report on Thursday, August 13th. Finally, Northland Securities set a $37.00 price objective on Nano Nuclear Energy in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its stake in Nano Nuclear Energy by 2,602.0% during the second quarter. California State Teachers Retirement System now owns 1,012,564 shares of the company’s stock worth $21,406,000 after acquiring an additional 975,090 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Nano Nuclear Energy in the 2nd quarter valued at $778,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Nano Nuclear Energy by 5.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,266 shares of the company’s stock valued at $1,337,000 after purchasing an additional 2,993 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Nano Nuclear Energy by 26.9% during the 2nd quarter. Van ECK Associates Corp now owns 3,819,847 shares of the company’s stock worth $80,752,000 after purchasing an additional 810,022 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in shares of Nano Nuclear Energy during the 2nd quarter worth $292,000.

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.