Nano Nuclear Energy Inc. $NNE Shares Purchased by Walleye Capital LLC

Walleye Capital LLC boosted its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 883.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,210 shares of the company’s stock after acquiring an additional 43,310 shares during the period. Walleye Capital LLC’s holdings in Nano Nuclear Energy were worth $987,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Nano Nuclear Energy by 27.4% in the 4th quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock worth $54,360,000 after purchasing an additional 486,367 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Nano Nuclear Energy by 441.3% in the third quarter. JPMorgan Chase & Co. now owns 74,009 shares of the company’s stock valued at $2,854,000 after purchasing an additional 60,336 shares in the last quarter. UBS Group AG increased its holdings in shares of Nano Nuclear Energy by 135.7% in the fourth quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock valued at $27,805,000 after purchasing an additional 666,722 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Nano Nuclear Energy by 16.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 346,123 shares of the company’s stock valued at $8,310,000 after purchasing an additional 47,960 shares during the last quarter. Finally, Private Wealth Partners LLC lifted its position in Nano Nuclear Energy by 191.6% during the first quarter. Private Wealth Partners LLC now owns 38,200 shares of the company’s stock worth $782,000 after buying an additional 25,100 shares in the last quarter.

Insider Activity at Nano Nuclear Energy

In other news, 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 in the company, valued at approximately $9,135,600. This represents a 9.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Jiang Yu sold 700,000 shares of Nano Nuclear Energy stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the sale, the chairman owned 8,224,000 shares of the company’s stock, valued at $219,416,320. This trade represents a 7.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,616,981 shares of company stock valued at $43,096,346 over the last quarter. 32.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Wall Street Zen lowered shares of Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Roth Capital assumed coverage on shares of Nano Nuclear Energy in a research report on Wednesday, June 17th. They set a “buy” rating and a $45.00 price objective for the company. Truist Financial assumed coverage on shares of Nano Nuclear Energy in a research note on Monday, July 13th. They set a “hold” rating and a $22.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Nano Nuclear Energy Stock Down 7.6%

Shares of Nano Nuclear Energy stock opened at $15.59 on Friday. The firm has a market cap of $811.93 million, a PE ratio of -22.59 and a beta of 5.27. Nano Nuclear Energy Inc. has a 52 week low of $15.44 and a 52 week high of $60.87. The business’s fifty day simple moving average is $22.63 and its 200-day simple moving average is $25.04.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.08. As a group, equities analysts expect that Nano Nuclear Energy Inc. will post -0.93 earnings per share for the current year.

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.