Nano Nuclear Energy (NASDAQ:NNE) Major Shareholder Sells $3,856,153.42 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) major shareholder I Financial Ventures Group Llc sold 121,339 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $31.78, for a total value of $3,856,153.42. Following the sale, the insider owned 8,724,000 shares of the company’s stock, valued at approximately $277,248,720. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, January 28th, I Financial Ventures Group Llc sold 766,661 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $34.14, for a total transaction of $26,173,806.54.
• On Monday, December 29th, I Financial Ventures Group Llc sold 176,457 shares of Nano Nuclear Energy stock. The stock was 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.
• 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 transaction of $11,407,206.36.

Nano Nuclear Energy Stock Down 8.4%

Shares of NNE traded down $2.71 during trading hours on Friday, reaching $29.40. The stock had a trading volume of 2,982,720 shares, compared to its average volume of 2,246,976. The firm has a 50-day moving average of $32.28 and a 200 day moving average of $36.36. The company has a market cap of $1.48 billion, a P/E ratio of -28.27 and a beta of 7.48. Nano Nuclear Energy Inc. has a 52 week low of $17.26 and a 52 week high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Thursday, December 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.14. As a group, equities analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NNE. US Bancorp DE lifted its position in Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the period. Rothschild Investment LLC raised its position in shares of Nano Nuclear Energy by 9.3% in the 2nd quarter. Rothschild Investment LLC now owns 6,655 shares of the company’s stock valued at $230,000 after buying an additional 565 shares in the last quarter. CWM LLC lifted its holdings in shares of Nano Nuclear Energy by 17.7% during the 3rd quarter. CWM LLC now owns 3,837 shares of the company’s stock worth $148,000 after acquiring an additional 576 shares during the period. Swiss National Bank boosted its position in shares of Nano Nuclear Energy by 1.2% during the 3rd quarter. Swiss National Bank now owns 60,300 shares of the company’s stock worth $2,325,000 after acquiring an additional 700 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Nano Nuclear Energy by 8.6% in the third quarter. Arizona State Retirement System now owns 9,179 shares of the company’s stock valued at $354,000 after acquiring an additional 727 shares during the last quarter.

Analyst Upgrades and Downgrades

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

About Nano Nuclear Energy

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.