Nano Nuclear Energy (NASDAQ:NNE) Chairman Jiang Yu Sells 121,339 Shares of Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Chairman Jiang Yu sold 121,339 shares of the firm’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 value of $3,856,153.42. Following the completion of the sale, the chairman directly owned 8,724,000 shares of the company’s stock, valued at $277,248,720. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jiang Yu also recently made the following trade(s):

• On Wednesday, January 28th, Jiang Yu sold 766,661 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $34.14, for a total value of $26,173,806.54.
• On Monday, December 29th, Jiang Yu 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, Jiang Yu sold 333,069 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $28.47, for a total transaction of $9,482,474.43.
• On Wednesday, December 24th, Jiang Yu sold 378,474 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $30.14, for a total transaction of $11,407,206.36.

Nano Nuclear Energy Price Performance

Nano Nuclear Energy stock traded down $2.71 during mid-day trading on Friday, reaching $29.40. The company had a trading volume of 2,982,720 shares, compared to its average volume of 2,246,976. Nano Nuclear Energy Inc. has a 1 year low of $17.26 and a 1 year high of $60.87. The company has a market capitalization of $1.48 billion, a P/E ratio of -28.27 and a beta of 7.48. The stock’s 50-day simple moving average is $32.28 and its 200-day simple moving average is $36.36.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NNE shares. Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Thursday, January 22nd. Finally, Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a research report on Friday, December 19th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nano Nuclear Energy has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Nano Nuclear Energy by 185.2% in the first quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock valued at $560,000 after acquiring an additional 13,730 shares in the last quarter. AQR Capital Management LLC bought a new position in Nano Nuclear Energy during the first quarter valued at about $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Nano Nuclear Energy by 535.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock worth $385,000 after buying an additional 12,256 shares during the last quarter. NewEdge Advisors LLC increased its stake in Nano Nuclear Energy by 385.8% in 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 in the last quarter. Finally, KLP Kapitalforvaltning AS grew its position in Nano Nuclear Energy by 173.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the company’s stock worth $435,000 after purchasing an additional 8,000 shares in the last quarter.

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.