17,114 Shares in Nano Nuclear Energy Inc. $NNE Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC purchased a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the third quarter, Holdings Channel reports. The firm purchased 17,114 shares of the company’s stock, valued at approximately $660,000.

Other institutional investors have also added to or reduced their stakes in the company. Tripletail Wealth Management LLC purchased a new position in shares of Nano Nuclear Energy in the third quarter valued at about $43,000. NewEdge Advisors LLC grew its stake in shares of Nano Nuclear Energy by 385.8% in the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after purchasing an additional 1,520 shares during the last quarter. Total Investment Management Inc. bought a new stake in shares of Nano Nuclear Energy in the second quarter worth about $60,000. Salem Investment Counselors Inc. increased its holdings in Nano Nuclear Energy by 2,859.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,835 shares of the company’s stock valued at $63,000 after purchasing an additional 1,773 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Nano Nuclear Energy by 446.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,478 shares of the company’s stock valued at $120,000 after purchasing an additional 2,842 shares during the last quarter.

Insider Buying and Selling at Nano Nuclear Energy

In other news, CEO James John Walker sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the chief executive officer owned 275,000 shares in the company, valued at approximately $8,283,000. The trade was a 8.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Jiang Yu sold 378,474 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $30.14, for a total transaction of $11,407,206.36. Following the completion of the sale, the chairman directly owned 9,621,526 shares in the company, valued at $289,992,793.64. This represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,936,000 shares of company stock valued at $56,375,077. Company insiders own 32.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NNE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nano Nuclear Energy has an average rating of “Moderate Buy” and an average price target of $47.00.

Nano Nuclear Energy Stock Performance

NNE stock opened at $32.01 on Friday. Nano Nuclear Energy Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $60.87. The business’s 50 day moving average price is $32.89 and its two-hundred day moving average price is $36.39. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -30.78 and a beta of 7.48.

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

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.