Nano Nuclear Energy (NASDAQ:NNE) CEO James John Walker Sells 25,000 Shares of Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CEO James Walker sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $17.77, for a total transaction of $444,250.00. Following the transaction, the chief executive officer directly owned 635,000 shares of the company’s stock, valued at $11,283,950. This represents a 3.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Stock Up 0.3%

NNE stock opened at $17.65 on Friday. Nano Nuclear Energy Inc. has a twelve month low of $14.71 and a twelve month high of $60.87. The company has a market cap of $947.80 million, a PE ratio of -25.58 and a beta of 5.41. The business’s 50-day simple moving average is $18.30 and its 200 day simple moving average is $22.31.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.07. The firm had revenue of $0.21 million for the quarter, compared to the consensus estimate of $0.50 million. On average, equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.8 EPS for the current year.

Analysts Set New Price Targets

NNE has been the subject of a number of recent research reports. Wall Street Zen upgraded Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. New Street Research set a $45.00 price target on shares of Nano Nuclear Energy in a research note on Thursday, August 13th. Northland Securities set a $37.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 14th. Roth Capital initiated coverage on shares of Nano Nuclear Energy in a research note on Wednesday, June 17th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Truist Financial initiated coverage on shares of Nano Nuclear Energy in a report on Monday, July 13th. They set a “hold” rating and a $22.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nano Nuclear Energy has an average rating of “Moderate Buy” and a consensus price target of $39.00.

Institutional Trading of Nano Nuclear Energy

Large investors have recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in shares of Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after acquiring an additional 400 shares during the period. Harbour Investments Inc. boosted its stake in shares of Nano Nuclear Energy by 275.7% in the 4th quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock valued at $28,000 after purchasing an additional 863 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth about $48,000. Ascentis Independent Advisors bought a new stake in shares of Nano Nuclear Energy in the 1st quarter worth about $36,000. Finally, NewEdge Advisors LLC increased its position in shares of Nano Nuclear Energy by 385.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after purchasing an additional 1,520 shares in the last quarter.

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.