Insider Selling: Nano Nuclear Energy (NASDAQ:NNE) CEO Sells 195,000 Shares of Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CEO James John Walker sold 195,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $34.04, for a total value of $6,637,800.00. Following the sale, the chief executive officer directly owned 250,000 shares of the company’s stock, valued at approximately $8,510,000. The trade was a 43.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

James John Walker also recently made the following trade(s):

• On Wednesday, December 24th, James John Walker sold 25,000 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00.

Nano Nuclear Energy Trading Down 8.4%

Shares of Nano Nuclear Energy stock traded down $2.71 on Friday, reaching $29.40. 2,982,720 shares of the company were exchanged, compared to its average volume of 2,246,976. The company has a 50-day moving average of $32.28 and a 200 day moving average of $36.36. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -28.27 and a beta of 7.48. Nano Nuclear Energy Inc. has a one year low of $17.26 and a one year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.14. Analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research note on Tuesday. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Hedge Funds Weigh In On Nano Nuclear Energy

Institutional investors have recently modified their holdings of the company. UBS Group AG boosted its holdings in Nano Nuclear Energy by 135.7% during the 4th quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock valued at $27,805,000 after acquiring an additional 666,722 shares during the period. Vanguard Group Inc. boosted its stake in shares of Nano Nuclear Energy by 27.4% during the 4th quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock worth $54,360,000 after acquiring an additional 486,367 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Nano Nuclear Energy by 44.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 12,437 shares of the company’s stock worth $299,000 after purchasing an additional 3,840 shares during the period. Arizona State Retirement System boosted its stake in Nano Nuclear Energy by 19.8% in the 4th quarter. Arizona State Retirement System now owns 10,997 shares of the company’s stock worth $264,000 after purchasing an additional 1,818 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its stake in Nano Nuclear Energy by 279.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 20,167 shares of the company’s stock valued at $484,000 after buying an additional 14,848 shares during the last quarter.

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.