Nano Nuclear Energy (NASDAQ:NNE) Chairman Jiang Yu Sells 121,339 Shares of Stock

by · The Cerbat Gem

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) Chairman Jiang Yu sold 121,339 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $31.78, for a total value of $3,856,153.42. Following the completion of the sale, the chairman directly owned 8,724,000 shares of the company’s stock, valued at $277,248,720. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jiang Yu also recently made the following trade(s):

  • On Wednesday, January 28th, Jiang Yu sold 766,661 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $34.14, for a total value of $26,173,806.54.
  • On Monday, December 29th, Jiang Yu sold 176,457 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $27.03, for a total transaction of $4,769,632.71.
  • On Friday, December 26th, Jiang Yu sold 333,069 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $28.47, for a total transaction of $9,482,474.43.
  • On Wednesday, December 24th, Jiang Yu sold 378,474 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $30.14, for a total transaction of $11,407,206.36.

Nano Nuclear Energy Price Performance

Nano Nuclear Energy stock traded down $2.71 during mid-day trading on Friday, reaching $29.40. The company had a trading volume of 2,982,720 shares, compared to its average volume of 2,246,976. Nano Nuclear Energy Inc. has a 1 year low of $17.26 and a 1 year high of $60.87. The company has a market capitalization of $1.48 billion, a P/E ratio of -28.27 and a beta of 7.48. The stock’s 50-day simple moving average is $32.28 and its 200-day simple moving average is $36.36.

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Report on NNE

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Nano Nuclear Energy by 185.2% in the first quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock valued at $560,000 after acquiring an additional 13,730 shares in the last quarter. AQR Capital Management LLC bought a new position in Nano Nuclear Energy during the first quarter valued at about $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Nano Nuclear Energy by 535.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock worth $385,000 after buying an additional 12,256 shares during the last quarter. NewEdge Advisors LLC increased its stake in Nano Nuclear Energy by 385.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after purchasing an additional 1,520 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in Nano Nuclear Energy by 173.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the company’s stock worth $435,000 after purchasing an additional 8,000 shares in the last quarter.

About Nano Nuclear Energy

(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.

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