35,500 Shares in Nano Nuclear Energy Inc. $NNE Bought by Maxi Investments CY Ltd

Maxi Investments CY Ltd acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,500 shares of the company’s stock, valued at approximately $1,369,000. Maxi Investments CY Ltd owned 0.07% of Nano Nuclear Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Archer Investment Corp purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $39,000. Tripletail Wealth Management LLC purchased a new stake in shares of Nano Nuclear Energy during the third quarter valued at approximately $43,000. US Bancorp DE lifted its position in shares of Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Nano Nuclear Energy by 385.8% during the first quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Total Investment Management Inc. purchased a new position in shares of Nano Nuclear Energy in the second quarter valued at $60,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd. Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, February 18th. Finally, Texas Capital raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.00.

Insiders Place Their Bets

In other news, CFO Jaisun Garcha sold 75,000 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $34.04, for a total transaction of $2,553,000.00. Following the transaction, the chief financial officer owned 250,000 shares of the company’s stock, valued at approximately $8,510,000. This trade represents a 23.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder I Financial Ventures Group Llc sold 121,339 shares of Nano Nuclear Energy stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $31.78, for a total value of $3,856,153.42. Following the completion of the transaction, the insider owned 8,724,000 shares of the company’s stock, valued at $277,248,720. This trade represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,985,664 shares of company stock worth $125,727,253. Company insiders own 32.77% of the company’s stock.

Nano Nuclear Energy Trading Down 3.8%

Shares of NASDAQ:NNE opened at $21.96 on Tuesday. The firm has a market cap of $1.14 billion, a PE ratio of -20.33 and a beta of 7.58. The company has a fifty day simple moving average of $28.70 and a 200 day simple moving average of $34.29. Nano Nuclear Energy Inc. has a 12-month low of $17.26 and a 12-month high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Tuesday, February 17th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.19. As a group, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

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.