Nano Nuclear Energy (NASDAQ:NNE) Major Shareholder Sells $11,407,206.36 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) major shareholder I Financial Ventures Group Llc sold 378,474 shares of Nano Nuclear Energy stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $30.14, for a total value of $11,407,206.36. Following the completion of the sale, the insider directly owned 9,621,526 shares of the company’s stock, valued at approximately $289,992,793.64. The trade was a 3.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more 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 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 shares were sold at an average price of $28.47, for a total value of $9,482,474.43.

Nano Nuclear Energy Trading Down 5.8%

NASDAQ:NNE traded down $1.53 during mid-day trading on Tuesday, reaching $24.89. The company’s stock had a trading volume of 2,906,816 shares, compared to its average volume of 3,585,106. The stock has a market cap of $1.26 billion, a P/E ratio of -23.93 and a beta of 7.19. The firm’s fifty day moving average price is $35.65 and its two-hundred day moving average price is $36.82. 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) last announced its quarterly earnings results on Thursday, December 18th. The company reported ($0.19) 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 fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NNE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Nano Nuclear Energy by 445.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 59,291 shares of the company’s stock worth $1,569,000 after acquiring an additional 48,424 shares during the period. Invesco Ltd. bought a new position in shares of Nano Nuclear Energy during the first quarter worth $320,000. MetLife Investment Management LLC bought a new position in shares of Nano Nuclear Energy during the first quarter worth $386,000. Corebridge Financial Inc. grew its stake in Nano Nuclear Energy by 441.9% during the first quarter. Corebridge Financial Inc. now owns 12,013 shares of the company’s stock valued at $318,000 after acquiring an additional 9,796 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in Nano Nuclear Energy in the 1st quarter valued at $284,000.

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.