Nukkleus (NASDAQ:NUKK) Major Shareholder Sc Capital Ii Sponsor Llc Purchases 255,000 Shares of Stock

Nukkleus Inc. (NASDAQ:NUKK) major shareholder Sc Capital Ii Sponsor Llc purchased 255,000 shares of the stock in a transaction on Friday, November 28th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $2,550,000.00. Following the transaction, the insider directly owned 255,000 shares of the company’s stock, valued at $2,550,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Nukkleus Trading Up 7.2%

Shares of NUKK opened at $5.95 on Tuesday. The firm has a market cap of $99.07 million, a P/E ratio of 0.36 and a beta of -6.74. Nukkleus Inc. has a 12 month low of $1.34 and a 12 month high of $78.32. The stock’s 50 day moving average is $7.09 and its two-hundred day moving average is $8.28.

Nukkleus (NASDAQ:NUKK) last announced its earnings results on Friday, November 14th. The company reported ($2.02) earnings per share for the quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Nukkleus from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Nukkleus in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Nukkleus

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in Nukkleus in the 1st quarter valued at $125,000. BNP Paribas Financial Markets acquired a new position in Nukkleus in the 2nd quarter valued at about $56,000. UBS Group AG grew its stake in shares of Nukkleus by 23.3% in the 3rd quarter. UBS Group AG now owns 80,512 shares of the company’s stock valued at $564,000 after buying an additional 15,223 shares during the period. Finally, Ausdal Financial Partners Inc. purchased a new stake in shares of Nukkleus in the 3rd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 12.47% of the company’s stock.

About Nukkleus

Nukkleus Inc, a financial technology company, provides blockchain-enabled technology solutions worldwide. It focuses on providing software and technology solutions for retail foreign exchange trading industry. The company provides transactions platform for dealing and risk management services. It also offers cross-border payment and transactions solutions and blockchain-enabled financial services solutions to institutional investors.