Nano Nuclear Energy (NASDAQ:NNE) CTO Sells $74,850.00 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CTO Florent Heidet sold 3,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.95, for a total transaction of $74,850.00. Following the completion of the sale, the chief technology officer directly owned 6,185 shares of the company’s stock, valued at $154,315.75. The trade was a 32.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nano Nuclear Energy Stock Performance

Shares of NNE stock traded down $2.60 on Friday, hitting $23.56. The stock had a trading volume of 3,839,828 shares, compared to its average volume of 2,182,100. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05. The stock’s 50 day moving average is $24.62 and its 200-day moving average is $27.64. Nano Nuclear Energy Inc. has a 52-week low of $18.93 and a 52-week high of $60.87.

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

More Nano Nuclear Energy News

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: NNE has recently caught a bid from sector momentum after EPA Chief Lee Zeldin highlighted nuclear power and small modular reactor buildout as an area of optimism for U.S. energy policy. Article Title
• Neutral Sentiment: Investor attention remains elevated around the stock’s volatility, with recent commentary noting strong month-over-month gains but uneven performance over longer periods. Article Title
• Negative Sentiment: Multiple insiders disclosed significant share sales, including CEO James John Walker, chairman Jiang Yu, CFO Jaisun Garcha, and directors Seth Jason Berl and Diane Elizabeth Hare, which can signal caution and often weighs on sentiment. The largest transaction was a 700,000-share sale by a major shareholder/insider tied to Jiang Yu at about $26.68 per share. Article Title Article Title Article Title Article Title Article Title Article Title Article Title

Hedge Funds Weigh In On Nano Nuclear Energy

A number of hedge funds have recently added to or reduced their stakes in NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Nano Nuclear Energy by 11,676.8% during the third 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 during the last quarter. Weiss Asset Management LP bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth about $38,224,000. Ghisallo Capital Management LLC bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth about $38,224,000. Van ECK Associates Corp lifted its position in shares of Nano Nuclear Energy by 65.7% in the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock worth $100,190,000 after buying an additional 1,030,262 shares during the last quarter. Finally, Regal Partners Ltd bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth about $23,535,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on NNE shares. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 23rd. Finally, Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Wednesday, May 27th. Two equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

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.