Insider Selling: Nano Nuclear Energy (NASDAQ:NNE) Chairman Sells $3,856,153.42 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Chairman Jiang Yu sold 121,339 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $31.78, for a total transaction of $3,856,153.42. Following the sale, the chairman directly owned 8,724,000 shares of the company’s stock, valued at approximately $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 SEC, which is available through 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 shares were sold at an average price of $27.03, for a total value of $4,769,632.71.
• On Friday, December 26th, Jiang Yu sold 333,069 shares of Nano Nuclear Energy stock. The stock was 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

Shares of Nano Nuclear Energy stock traded down $2.71 on Friday, hitting $29.40. 2,982,720 shares of the company’s stock traded hands, compared to its average volume of 2,246,976. The firm’s 50-day moving average price is $32.28 and its two-hundred day moving average price is $36.36. The stock has a market capitalization of $1.48 billion, a PE ratio of -28.27 and a beta of 7.48. Nano Nuclear Energy Inc. has a one year low of $17.26 and a one year high of $60.87.

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

Wall Street Analysts Forecast Growth

Several equities analysts 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 reaffirmed 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 investment 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Nano Nuclear Energy by 11,676.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,711,592 shares in the last quarter. Van ECK Associates Corp lifted its stake in Nano Nuclear Energy by 65.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after acquiring an additional 1,030,262 shares in the last quarter. Hood River Capital Management LLC bought a new position in shares of Nano Nuclear Energy during the second quarter valued at about $31,935,000. UBS Group AG lifted its position in shares of Nano Nuclear Energy by 135.7% during the 4th quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock worth $27,805,000 after buying an additional 666,722 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Nano Nuclear Energy by 40.9% in the third quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock worth $68,547,000 after purchasing an additional 516,129 shares during the last quarter.

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.