Insider Selling: Nano Nuclear Energy (NASDAQ:NNE) CTO Sells $74,850.00 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CTO Florent Heidet sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $24.95, for a total value of $74,850.00. Following the sale, the chief technology officer directly owned 6,185 shares in the company, valued at $154,315.75. This trade represents a 32.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Nano Nuclear Energy Price Performance

NNE opened at $23.56 on Monday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a 52 week low of $18.93 and a 52 week high of $60.87. The business’s 50 day moving average is $24.65 and its two-hundred day moving average is $27.59.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.08. Equities analysts expect that Nano Nuclear Energy Inc. will post -1.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Nano Nuclear Energy by 11,676.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after purchasing an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $38,224,000. Ghisallo Capital Management LLC purchased a new position in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $38,224,000. Van ECK Associates Corp grew its stake in shares of Nano Nuclear Energy by 65.7% in the 3rd quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after purchasing an additional 1,030,262 shares during the last quarter. Finally, Regal Partners Ltd purchased a new position in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $23,535,000.

Analyst Upgrades and Downgrades

Several research firms have commented on NNE. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, May 27th. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Two equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Nano Nuclear Energy News Summary

Here are the key news stories impacting Nano Nuclear Energy this week:

• Positive Sentiment: NNE has recently caught a bid from sector momentum after EPA Chief Lee Zeldin highlighted nuclear power and small modular reactor buildout as an area of optimism for U.S. energy policy. Article Title
• Neutral Sentiment: Investor attention remains elevated around the stock’s volatility, with recent commentary noting strong month-over-month gains but uneven performance over longer periods. Article Title
• Negative Sentiment: Multiple insiders disclosed significant share sales, including CEO James John Walker, chairman Jiang Yu, CFO Jaisun Garcha, and directors Seth Jason Berl and Diane Elizabeth Hare, which can signal caution and often weighs on sentiment. The largest transaction was a 700,000-share sale by a major shareholder/insider tied to Jiang Yu at about $26.68 per share. Article Title Article Title Article Title Article Title Article Title Article Title Article Title

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.