Nano Nuclear Energy (NASDAQ:NNE) CTO Florent Heidet Sells 3,000 Shares

Nano Nuclear Energy Inc. (NASDAQ:NNE) CTO Florent Heidet sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.95, for a total value of $74,850.00. Following the transaction, the chief technology officer directly owned 6,185 shares in the company, valued at $154,315.75. This trade represents a 32.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Nano Nuclear Energy Stock Down 9.9%

NASDAQ:NNE opened at $23.56 on Friday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -34.14 and a beta of 5.05. Nano Nuclear Energy Inc. has a twelve month low of $18.93 and a twelve month high of $60.87. The stock’s 50 day moving average price is $24.65 and its two-hundred day moving average price is $27.62.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.08. As a group, analysts anticipate that Nano Nuclear Energy Inc. will post -1.02 earnings per share for the current year.

Nano Nuclear Energy News Roundup

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its holdings in shares of Nano Nuclear Energy by 24.7% during the 4th quarter. Van ECK Associates Corp now owns 3,241,350 shares of the company’s stock worth $77,825,000 after acquiring an additional 643,070 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Nano Nuclear Energy by 27.4% during the 4th quarter. Vanguard Group Inc. now owns 2,264,051 shares of the company’s stock worth $54,360,000 after acquiring an additional 486,367 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth approximately $38,224,000. Finally, Ghisallo Capital Management LLC acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth approximately $38,224,000.

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.