Nano Nuclear Energy (NASDAQ:NNE) Major Shareholder Sells $3,856,153.42 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) major shareholder I Financial Ventures Group Llc sold 121,339 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $31.78, for a total transaction of $3,856,153.42. Following the sale, the insider owned 8,724,000 shares in the company, valued at $277,248,720. This represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

I Financial Ventures Group Llc also recently made the following trade(s):

• On Wednesday, January 28th, I Financial Ventures Group Llc sold 766,661 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $34.14, for a total value of $26,173,806.54.
• On Monday, December 29th, I Financial Ventures Group Llc sold 176,457 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $27.03, for a total transaction of $4,769,632.71.
• On Friday, December 26th, I Financial Ventures Group Llc 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, I Financial Ventures Group Llc sold 378,474 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $30.14, for a total value of $11,407,206.36.

Nano Nuclear Energy Stock Down 8.4%

Shares of NNE traded down $2.71 during midday trading on Friday, reaching $29.40. 2,982,720 shares of the stock were exchanged, compared to its average volume of 2,246,976. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -28.27 and a beta of 7.48. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87. The firm has a 50 day simple moving average of $32.28 and a 200-day simple moving average of $36.36.

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

Wall Street Analysts Forecast Growth

NNE has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Thursday, January 22nd. Texas Capital upgraded shares of Nano Nuclear Energy to a “strong-buy” rating in a report on Tuesday. Finally, Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NNE. US Bancorp DE raised its holdings in shares of Nano Nuclear Energy by 51.9% in the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after buying an additional 400 shares during the last quarter. Rothschild Investment LLC increased its position in Nano Nuclear Energy by 9.3% in the 2nd quarter. Rothschild Investment LLC now owns 6,655 shares of the company’s stock valued at $230,000 after acquiring an additional 565 shares in the last quarter. CWM LLC raised its stake in shares of Nano Nuclear Energy by 17.7% in the third quarter. CWM LLC now owns 3,837 shares of the company’s stock worth $148,000 after acquiring an additional 576 shares during the last quarter. Swiss National Bank lifted its position in shares of Nano Nuclear Energy by 1.2% during the third quarter. Swiss National Bank now owns 60,300 shares of the company’s stock worth $2,325,000 after purchasing an additional 700 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Nano Nuclear Energy by 8.6% during the third quarter. Arizona State Retirement System now owns 9,179 shares of the company’s stock valued at $354,000 after purchasing an additional 727 shares during 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.