17,114 Shares in Nano Nuclear Energy Inc. $NNE Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,114 shares of the company’s stock, valued at approximately $660,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NNE. Hood River Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at about $31,935,000. Geode Capital Management LLC increased its position in shares of Nano Nuclear Energy by 6.4% in the second quarter. Geode Capital Management LLC now owns 349,104 shares of the company’s stock worth $12,039,000 after purchasing an additional 20,899 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Nano Nuclear Energy by 64.0% in the third quarter. Exchange Traded Concepts LLC now owns 298,163 shares of the company’s stock valued at $11,497,000 after purchasing an additional 116,387 shares in the last quarter. Swiss National Bank lifted its position in Nano Nuclear Energy by 29.3% during the second quarter. Swiss National Bank now owns 59,600 shares of the company’s stock valued at $2,056,000 after purchasing an additional 13,500 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Nano Nuclear Energy by 3,008.4% during the second quarter. NewEdge Advisors LLC now owns 59,495 shares of the company’s stock valued at $2,052,000 after purchasing an additional 57,581 shares during the last quarter.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Kenny Joe Yung Yu sold 40,000 shares of Nano Nuclear Energy stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $32.43, for a total value of $1,297,200.00. Following the transaction, the director owned 15,000 shares in the company, valued at approximately $486,450. The trade was a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tsun Yee Law sold 55,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $32.43, for a total value of $1,783,650.00. Following the completion of the sale, the director directly owned 75,000 shares of the company’s stock, valued at approximately $2,432,250. This trade represents a 42.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,936,000 shares of company stock valued at $56,375,077. Company insiders own 32.77% of the company’s stock.

Nano Nuclear Energy Stock Performance

Shares of NNE opened at $32.01 on Friday. Nano Nuclear Energy Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $60.87. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -30.78 and a beta of 7.48. The firm has a 50 day moving average price of $32.89 and a 200-day moving average price of $36.39.

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

Nano Nuclear Energy 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.