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

by · The Markets Daily

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) CTO Florent Heidet sold 3,000 shares of Nano Nuclear Energy stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.95, for a total value of $74,850.00. Following the sale, the chief technology officer directly owned 6,185 shares of the company’s stock, valued at approximately $154,315.75. The trade was a 32.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Nano Nuclear Energy Trading Down 9.9%

NNE opened at $23.56 on Friday. The stock has a market cap of $1.23 billion, a price-to-earnings 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. The stock has a fifty day moving average price of $24.65 and a 200 day moving average price of $27.62.

Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. As a group, sell-side analysts forecast that Nano Nuclear Energy Inc. will post -1.02 earnings per share for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently made changes to their positions in NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $66,564,000 after buying an additional 1,711,592 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter worth about $38,224,000. Ghisallo Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter worth about $38,224,000. Van ECK Associates Corp lifted its position in shares of Nano Nuclear Energy by 65.7% in the third quarter. Van ECK Associates Corp now owns 2,598,280 shares of the company’s stock worth $100,190,000 after buying an additional 1,030,262 shares during the last quarter. Finally, Regal Partners Ltd acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter worth about $23,535,000.

Analysts Set New Price Targets

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

Read Our Latest Report on NNE

Key Headlines Impacting Nano Nuclear Energy

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

Nano Nuclear Energy Company Profile

(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.

Featured Articles