Nano Nuclear Energy (NASDAQ:NNE) Major Shareholder Sells $26,173,806.54 in Stock

by · The Cerbat Gem

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) major shareholder I Financial Ventures Group Llc sold 766,661 shares of Nano Nuclear Energy stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $34.14, for a total transaction of $26,173,806.54. Following the transaction, the insider owned 8,724,000 shares in the company, valued at approximately $297,837,360. This trade represents a 8.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

I Financial Ventures Group Llc also recently made the following trade(s):

  • On Thursday, January 29th, I Financial Ventures Group Llc sold 121,339 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $31.78, for a total transaction of $3,856,153.42.
  • On Monday, December 29th, I Financial Ventures Group Llc sold 176,457 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $27.03, for a total value of $4,769,632.71.
  • On Friday, December 26th, I Financial Ventures Group Llc sold 333,069 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $28.47, for a total value of $9,482,474.43.
  • On Wednesday, December 24th, I Financial Ventures Group Llc sold 378,474 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $30.14, for a total value of $11,407,206.36.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded down $2.71 during mid-day trading on Friday, hitting $29.40. The stock had a trading volume of 2,982,720 shares, compared to its average volume of 2,246,976. The company’s 50 day moving average is $32.28 and its 200-day moving average is $36.36. The company has a market cap of $1.48 billion, a PE ratio of -28.27 and a beta of 7.48. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last issued its quarterly earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.14. On average, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of Nano Nuclear Energy by 135.7% in 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. grew its holdings 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 purchasing an additional 486,367 shares during the period. Concurrent Investment Advisors LLC boosted its stake 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 valued at $299,000 after purchasing an additional 3,840 shares during the period. Arizona State Retirement System increased its position in shares of Nano Nuclear Energy by 19.8% in the 4th quarter. Arizona State Retirement System now owns 10,997 shares of the company’s stock valued at $264,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in Nano Nuclear Energy by 279.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 20,167 shares of the company’s stock worth $484,000 after acquiring an additional 14,848 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on NNE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Thursday, January 22nd. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. Finally, Texas Capital upgraded shares of Nano Nuclear Energy to a “strong-buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Nano Nuclear Energy has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Read Our Latest Stock Report on NNE

Nano Nuclear Energy Company Profile

(Get Free Report)

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.

See Also