Key Points
- Ltd. Transocean sold 2,021,920 shares of Nauticus Robotics at an average price of $1.02 for a total of $2,062,358.40, reducing its ownership by 99.68% to 6,421 shares (SEC Form 4 filed).
- KITT stock opened at $1.39 and was trading up 18.4%, with a market cap of about $19 million and a 52‑week range of $0.71 to $54.36; the analyst consensus rating is currently "Sell".
- Institutional investors have been increasing positions — Osaic Holdings (+164.1%) and Geode Capital (+743.2%) notably added shares — and institutions now own roughly 20.5% of the company.
Nauticus Robotics, Inc. (NASDAQ:KITT - Get Free Report) major shareholder Ltd. Transocean sold 2,021,920 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $1.02, for a total value of $2,062,358.40. Following the transaction, the insider directly owned 6,421 shares of the company's stock, valued at approximately $6,549.42. The trade was a 99.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Ltd. Transocean also recently made the following trade(s):
- On Tuesday, December 2nd, Ltd. Transocean sold 32,839 shares of Nauticus Robotics stock. The stock was sold at an average price of $0.74, for a total value of $24,300.86.
- On Monday, December 1st, Ltd. Transocean sold 61,351 shares of Nauticus Robotics stock. The shares were sold at an average price of $0.81, for a total value of $49,694.31.
Nauticus Robotics Trading Up 18.4%
KITT stock opened at $1.39 on Friday. The firm has a fifty day moving average price of $1.99 and a 200 day moving average price of $5.68. Nauticus Robotics, Inc. has a fifty-two week low of $0.71 and a fifty-two week high of $54.36. The firm has a market cap of $18.99 million, a PE ratio of -0.01 and a beta of -0.17. The company has a debt-to-equity ratio of 18.06, a quick ratio of 0.19 and a current ratio of 0.21.
Institutional Trading of Nauticus Robotics
Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in Nauticus Robotics by 164.1% in the 2nd quarter. Osaic Holdings Inc. now owns 90,190 shares of the company's stock worth $81,000 after buying an additional 56,035 shares during the period. Geode Capital Management LLC boosted its position in Nauticus Robotics by 743.2% in the 2nd quarter. Geode Capital Management LLC now owns 357,669 shares of the company's stock valued at $324,000 after buying an additional 315,251 shares during the period. Finally, Virtu Financial LLC bought a new position in Nauticus Robotics in the 1st quarter worth about $37,000. 20.50% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
KITT has been the topic of a number of research reports. Weiss Ratings restated a "sell (e+)" rating on shares of Nauticus Robotics in a report on Wednesday, October 8th. Wall Street Zen cut Nauticus Robotics from a "hold" rating to a "strong sell" rating in a report on Sunday, August 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".
Check Out Our Latest Stock Analysis on Nauticus Robotics
Nauticus Robotics Company Profile
(
Get Free Report)
Nauticus Robotics, Inc develops ocean robots, cloud software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; Olympic Arm, an all-electric manipulator designed for a variety of intervention tasks on work class remotely operated vehicles; and ToolKITT, a software platform, which consists of interrelated products for ocean sensing, manipulation, autonomous behaviors, survey, search and recovery, and manual intervention.
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