Nauticus Robotics, Inc. (NASDAQ:KITT - Get Free Report) major shareholder Brian Isaac Dror sold 32,539 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $2.02, for a total transaction of $65,728.78. Following the completion of the sale, the insider owned 782,829 shares in the company, valued at approximately $1,581,314.58. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Nauticus Robotics Trading Up 8.8%
NASDAQ:KITT opened at $0.87 on Wednesday. Nauticus Robotics, Inc. has a 1 year low of $0.75 and a 1 year high of $82.80. The stock has a 50-day moving average price of $1.28 and a two-hundred day moving average price of $3.95. The stock has a market cap of $4.35 million, a price-to-earnings ratio of -0.01 and a beta of -0.23.
Nauticus Robotics (NASDAQ:KITT - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($2.46) earnings per share for the quarter. The company had revenue of $0.16 million during the quarter. Nauticus Robotics had a negative net margin of 1,292.09% and a negative return on equity of 9,200.82%.
Analysts Set New Price Targets
A number of brokerages have commented on KITT. Weiss Ratings reiterated a "sell (e+)" rating on shares of Nauticus Robotics in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Nauticus Robotics from a "strong sell" rating to a "sell" rating in a research note on Sunday, July 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Nauticus Robotics has an average rating of "Sell".
Get Our Latest Report on Nauticus Robotics
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Nauticus Robotics by 743.2% during the 2nd quarter. Geode Capital Management LLC now owns 357,669 shares of the company's stock worth $324,000 after purchasing an additional 315,251 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Nauticus Robotics in the fourth quarter valued at approximately $90,000. Osaic Holdings Inc. boosted its stake in shares of Nauticus Robotics by 164.1% in the second quarter. Osaic Holdings Inc. now owns 90,190 shares of the company's stock valued at $81,000 after buying an additional 56,035 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Nauticus Robotics in the fourth quarter valued at approximately $35,000. 20.50% of the stock is owned by institutional investors and hedge funds.
About Nauticus Robotics
(
Get Free Report)
Nauticus Robotics, Inc (NASDAQ: KITT) is a maritime robotics company focused on developing and deploying uncrewed surface and subsea vessels for inspection, survey and maintenance applications. The company's solutions combine purpose-built hardware with advanced autonomy software and sensor integration, allowing operators to conduct offshore and in-shore missions without personnel aboard. By digitizing routine vessel operations, Nauticus Robotics aims to reduce the time, cost and risk associated with traditional crewed marine services.
The company's product portfolio includes modular uncrewed surface vessels (USVs) and remotely operated vehicles (ROVs) equipped with high-resolution sonar, cameras and other environmental sensors.
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