Rockefeller Capital Management L.P. Sells 30,813 Shares of Nano Nuclear Energy Inc. $NNE

Rockefeller Capital Management L.P. lessened its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 91.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,842 shares of the company’s stock after selling 30,813 shares during the period. Rockefeller Capital Management L.P.’s holdings in Nano Nuclear Energy were worth $68,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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. Weiss Asset Management LP bought a new stake in Nano Nuclear Energy in the fourth quarter worth $38,224,000. Ghisallo Capital Management LLC acquired a new position in Nano Nuclear Energy during the fourth quarter worth $38,224,000. Regal Partners Ltd bought a new position in Nano Nuclear Energy during the fourth quarter valued at about $23,535,000. Finally, UBS Group AG raised its holdings in Nano Nuclear Energy by 135.7% during the fourth quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock valued at $27,805,000 after buying an additional 666,722 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, June 26th. Roth Capital began coverage on Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 24th. One investment analyst has 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. According to data from MarketBeat, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and an average price target of $47.50.

Insider Transactions at Nano Nuclear Energy

In other Nano Nuclear Energy news, Director Seth Jason Berl sold 3,750 shares of Nano Nuclear Energy stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.92, for a total transaction of $93,450.00. Following the sale, the director owned 7,586 shares in the company, valued at $189,043.12. The trade was a 33.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the insider directly owned 8,224,000 shares in the company, valued at $219,416,320. This trade represents a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,616,981 shares of company stock valued at $43,096,346 over the last 90 days. Corporate insiders own 32.77% of the company’s stock.

Nano Nuclear Energy Stock Down 2.2%

Nano Nuclear Energy stock traded down $0.43 during trading hours on Friday, hitting $18.86. The stock had a trading volume of 1,388,296 shares, compared to its average volume of 2,610,816. The company has a 50-day moving average of $24.52 and a two-hundred day moving average of $25.81. Nano Nuclear Energy Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $60.87. The company has a market cap of $982.29 million, a PE ratio of -27.33 and a beta of 5.27.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.08. As a group, analysts forecast that Nano Nuclear Energy Inc. will post -0.95 EPS for the current fiscal year.

Nano Nuclear Energy 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.