Insider Selling: Nano Nuclear Energy (NASDAQ:NNE) CFO Sells $985,453.20 in Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) CFO Jaisun Garcha sold 37,215 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $985,453.20. Following the transaction, the chief financial officer directly owned 345,000 shares of the company’s stock, valued at $9,135,600. This trade represents a 9.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $23.56 on Monday. The firm has a market capitalization of $1.23 billion, a PE ratio of -34.14 and a beta of 5.05. The stock has a 50 day moving average of $24.65 and a 200-day moving average of $27.59. Nano Nuclear Energy Inc. has a 52 week low of $18.93 and a 52 week high of $60.87.

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

Hedge Funds Weigh In On Nano Nuclear Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new position in Nano Nuclear Energy during the 1st quarter valued at $246,000. The Manufacturers Life Insurance Company boosted its stake in Nano Nuclear Energy by 4.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 19,058 shares of the company’s stock valued at $390,000 after purchasing an additional 793 shares in the last quarter. Themes Management Co LLC boosted its stake in Nano Nuclear Energy by 102.8% during the 1st quarter. Themes Management Co LLC now owns 24,449 shares of the company’s stock valued at $501,000 after purchasing an additional 12,396 shares in the last quarter. Lido Advisors LLC boosted its stake in Nano Nuclear Energy by 1,769.6% during the 1st quarter. Lido Advisors LLC now owns 171,932 shares of the company’s stock valued at $3,521,000 after purchasing an additional 162,736 shares in the last quarter. Finally, Walleye Capital LLC boosted its stake in Nano Nuclear Energy by 883.9% during the 1st quarter. Walleye Capital LLC now owns 48,210 shares of the company’s stock valued at $987,000 after purchasing an additional 43,310 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NNE. Wall Street Zen raised Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Finally, Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Trending Headlines about Nano Nuclear Energy

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

Nano Nuclear Energy Company 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.