Nano Nuclear Energy (NASDAQ:NNE) Major Shareholder I Financial Ventures Group Llc Sells 378,474 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) major shareholder I Financial Ventures Group Llc sold 378,474 shares of Nano Nuclear Energy stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $30.14, for a total value of $11,407,206.36. Following the completion of the sale, the insider directly owned 9,621,526 shares in the company, valued at $289,992,793.64. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, December 29th, I Financial Ventures Group Llc sold 176,457 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $27.03, for a total value of $4,769,632.71.
• On Friday, December 26th, I Financial Ventures Group Llc sold 333,069 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $28.47, for a total value of $9,482,474.43.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE traded down $1.53 during trading hours on Tuesday, reaching $24.89. The stock had a trading volume of 2,906,816 shares, compared to its average volume of 3,585,106. The stock has a market capitalization of $1.26 billion, a PE ratio of -23.93 and a beta of 7.19. Nano Nuclear Energy Inc. has a 52 week low of $17.26 and a 52 week high of $60.87. The company has a 50 day moving average price of $35.65 and a two-hundred day moving average price of $36.82.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.14. Equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Nano Nuclear Energy has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Trading of Nano Nuclear Energy

Large investors have recently made changes to their positions in the stock. Archer Investment Corp purchased a new position in Nano Nuclear Energy in the 3rd quarter worth about $39,000. Tripletail Wealth Management LLC bought a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $43,000. US Bancorp DE boosted 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 purchasing an additional 400 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Nano Nuclear Energy in the third quarter worth approximately $48,000. Finally, NewEdge Advisors LLC increased its holdings in 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 during the period.

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.