I Financial Ventures Group Llc Sells 176,457 Shares of Nano Nuclear Energy (NASDAQ:NNE) Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) major shareholder I Financial Ventures Group Llc sold 176,457 shares of the stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $27.03, for a total transaction of $4,769,632.71. Following the sale, the insider directly owned 9,112,000 shares of the company’s stock, valued at $246,297,360. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

I Financial Ventures Group Llc also recently made the following trade(s):

• On Friday, December 26th, I Financial Ventures Group Llc sold 333,069 shares of Nano Nuclear Energy stock. The stock was sold at an average price of $28.47, for a total transaction of $9,482,474.43.
• On Wednesday, December 24th, I Financial Ventures Group Llc sold 378,474 shares of Nano Nuclear Energy stock. The shares were sold at an average price of $30.14, for a total transaction of $11,407,206.36.

Nano Nuclear Energy Price Performance

Shares of NNE traded down $1.53 during trading hours on Tuesday, hitting $24.89. 2,906,816 shares of the stock were exchanged, compared to its average volume of 3,585,106. Nano Nuclear Energy Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $60.87. The business has a 50-day moving average of $35.65 and a 200-day moving average of $36.82. The firm has a market capitalization of $1.26 billion, a P/E ratio of -23.93 and a beta of 7.19.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.14. As a group, analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently made changes to their positions in NNE. Van ECK Associates Corp raised its holdings 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 worth $100,190,000 after acquiring an additional 1,030,262 shares during the last quarter. Vanguard Group Inc. increased its holdings in Nano Nuclear Energy by 40.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,777,684 shares of the company’s stock worth $68,547,000 after purchasing an additional 516,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Nano Nuclear Energy by 11,676.8% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock worth $66,564,000 after purchasing an additional 1,711,592 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the second quarter worth approximately $31,935,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Nano Nuclear Energy by 6.4% in the second quarter. Geode Capital Management LLC now owns 349,104 shares of the company’s stock valued at $12,039,000 after purchasing an additional 20,899 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned 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 an average rating of “Moderate Buy” and a consensus target price of $47.00.

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.