Nano Nuclear Energy (NASDAQ:NNE) CFO Jaisun Garcha Sells 37,215 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) CFO Jaisun Garcha sold 37,215 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total transaction of $985,453.20. Following the completion of the sale, the chief financial officer owned 345,000 shares of the company’s stock, valued at approximately $9,135,600. This trade represents a 9.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Price Performance

Nano Nuclear Energy stock traded down $2.60 during midday trading on Friday, reaching $23.56. The stock had a trading volume of 3,839,828 shares, compared to its average volume of 2,182,100. Nano Nuclear Energy Inc. has a twelve month low of $18.93 and a twelve month high of $60.87. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05. The firm’s fifty day simple moving average is $24.62 and its two-hundred day simple moving average is $27.64.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.08. As a group, sell-side analysts predict that Nano Nuclear Energy Inc. will post -1.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NNE shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NNE. Vanguard Group Inc. lifted its holdings in shares of Nano Nuclear Energy by 27.4% during the 4th quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock valued at $54,360,000 after buying an additional 486,367 shares during the last quarter. JPMorgan Chase & Co. raised its position in Nano Nuclear Energy by 441.3% during the third quarter. JPMorgan Chase & Co. now owns 74,009 shares of the company’s stock valued at $2,854,000 after acquiring an additional 60,336 shares in the last quarter. Van ECK Associates Corp lifted its stake in Nano Nuclear Energy by 65.7% in the third 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 during the last quarter. UBS Group AG grew its position in Nano Nuclear Energy by 135.7% in the fourth quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock worth $27,805,000 after acquiring an additional 666,722 shares in the last quarter. Finally, Caprock Group LLC acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth $1,347,000.

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.