Nano Nuclear Energy (NASDAQ:NNE) Director Seth Jason Berl Sells 3,750 Shares of Stock

Nano Nuclear Energy Inc. (NASDAQ:NNE) Director Seth Jason Berl sold 3,750 shares of Nano Nuclear Energy stock in a transaction on Friday, June 5th. The stock was sold at an average price of $24.92, for a total transaction of $93,450.00. Following the transaction, the director owned 7,586 shares in the company, valued at approximately $189,043.12. This trade represents a 33.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $23.56 on Friday. The firm has a market cap of $1.23 billion, a PE ratio of -34.14 and a beta of 5.05. The firm’s fifty day moving average is $24.65 and its 200-day moving average is $27.62. 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 issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.08. Sell-side analysts forecast that Nano Nuclear Energy Inc. will post -1.02 EPS for the current year.

Hedge Funds Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently bought and sold shares of NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Nano Nuclear Energy by 11,676.8% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock valued at $66,564,000 after buying an additional 1,711,592 shares during the period. Weiss Asset Management LP acquired a new position in Nano Nuclear Energy in the fourth quarter valued at $38,224,000. Ghisallo Capital Management LLC acquired a new position in shares of Nano Nuclear Energy during the fourth quarter valued at about $38,224,000. Van ECK Associates Corp raised its holdings in shares of Nano Nuclear Energy by 65.7% during the third quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock valued at $100,190,000 after purchasing an additional 1,030,262 shares during the period. Finally, Regal Partners Ltd acquired a new position in shares of Nano Nuclear Energy during the fourth quarter valued at about $23,535,000.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NNE. Wall Street Zen upgraded shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Tuesday, April 21st. Finally, Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a report on Wednesday, May 27th. Two research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Nano Nuclear Energy presently has an average rating of “Moderate Buy” and an average price target of $47.00.

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

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.