Nano Nuclear Energy (NASDAQ:NNE) CEO James John Walker Sells 123,688 Shares of Stock

Nano Nuclear Energy Inc. (NASDAQ:NNEGet Free Report) CEO James John Walker sold 123,688 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $26.49, for a total transaction of $3,276,495.12. Following the completion of the transaction, the chief executive officer owned 555,000 shares of the company’s stock, valued at $14,701,950. This trade represents a 18.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nano Nuclear Energy Price Performance

NASDAQ:NNE opened at $23.56 on Friday. The firm’s 50-day moving average price is $24.65 and its 200-day moving average price is $27.62. The company has a market capitalization of $1.23 billion, a PE ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a 1-year low of $18.93 and a 1-year high of $60.87.

Nano Nuclear Energy (NASDAQ:NNEGet Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.08. Equities analysts anticipate that Nano Nuclear Energy Inc. will post -1.02 EPS for the current fiscal year.

More Nano Nuclear Energy News

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on NNE shares. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research report on Wednesday, May 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given 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 a consensus price target of $47.00.

Read Our Latest Stock Report on NNE

Institutional Trading of Nano Nuclear Energy

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Nano Nuclear Energy by 185.2% in the first quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock worth $560,000 after buying an additional 13,730 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Nano Nuclear Energy in the first quarter worth approximately $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Nano Nuclear Energy by 535.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock worth $385,000 after buying an additional 12,256 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Nano Nuclear Energy by 385.8% in the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after buying an additional 1,520 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Nano Nuclear Energy in the second quarter worth approximately $316,000.

About Nano Nuclear Energy

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Nano Nuclear Energy (NASDAQ:NNE)

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