Brian Isaac Dror Sells 32,539 Shares of Nauticus Robotics (NASDAQ:KITT) Stock

Nauticus Robotics, Inc. (NASDAQ:KITT) major shareholder Brian Isaac Dror sold 32,539 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $2.02, for a total transaction of $65,728.78. Following the transaction, the insider directly owned 782,829 shares of the company’s stock, valued at approximately $1,581,314.58. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Nauticus Robotics Price Performance

Shares of KITT stock traded down $0.06 during trading hours on Tuesday, hitting $0.74. The company had a trading volume of 59,325 shares, compared to its average volume of 459,666. The stock has a market capitalization of $3.71 million, a PE ratio of -0.01 and a beta of -0.23. The company’s fifty day moving average is $1.30 and its 200 day moving average is $4.00. Nauticus Robotics, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $82.80.

Nauticus Robotics (NASDAQ:KITT) last posted its earnings results on Thursday, May 14th. The company reported ($2.46) earnings per share (EPS) for the quarter. The firm had revenue of $0.16 million for the quarter. Nauticus Robotics had a negative return on equity of 9,200.82% and a negative net margin of 1,292.09%.

Institutional Investors Weigh In On Nauticus Robotics

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in Nauticus Robotics by 743.2% during the second quarter. Geode Capital Management LLC now owns 357,669 shares of the company’s stock worth $324,000 after purchasing an additional 315,251 shares in the last quarter. Jane Street Group LLC acquired a new stake in Nauticus Robotics in the fourth quarter valued at $90,000. Osaic Holdings Inc. lifted its holdings in Nauticus Robotics by 164.1% in the second quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock valued at $81,000 after acquiring an additional 56,035 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in shares of Nauticus Robotics during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 20.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KITT. Weiss Ratings restated a “sell (e+)” rating on shares of Nauticus Robotics in a report on Friday, July 17th. Wall Street Zen upgraded shares of Nauticus Robotics from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Nauticus Robotics

Nauticus Robotics, Inc (NASDAQ: KITT) is a maritime robotics company focused on developing and deploying uncrewed surface and subsea vessels for inspection, survey and maintenance applications. The company’s solutions combine purpose-built hardware with advanced autonomy software and sensor integration, allowing operators to conduct offshore and in-shore missions without personnel aboard. By digitizing routine vessel operations, Nauticus Robotics aims to reduce the time, cost and risk associated with traditional crewed marine services.

The company’s product portfolio includes modular uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs) equipped with high-resolution sonar, cameras and other environmental sensors.