Brian Isaac Dror Sells 32,539 Shares of Nauticus Robotics (NASDAQ:KITT) Stock

Nauticus Robotics, Inc. (NASDAQ:KITT) major shareholder Brian Isaac Dror sold 32,539 shares of Nauticus Robotics stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $2.02, for a total transaction of $65,728.78. Following the completion of the sale, the insider directly owned 782,829 shares in the company, valued at approximately $1,581,314.58. The trade was a 3.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Nauticus Robotics Price Performance

Shares of KITT stock opened at $0.77 on Thursday. The business’s fifty day moving average price is $1.26 and its 200 day moving average price is $3.90. The firm has a market capitalization of $3.86 million, a PE ratio of -0.01 and a beta of -0.23. Nauticus Robotics, Inc. has a 1-year low of $0.75 and a 1-year high of $82.80.

Nauticus Robotics (NASDAQ:KITT) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($2.46) earnings per share (EPS) for the quarter. The company had revenue of $0.16 million for the quarter. Nauticus Robotics had a negative net margin of 1,292.09% and a negative return on equity of 9,200.82%.

Institutional Trading of Nauticus Robotics

Several institutional investors and hedge funds have recently made changes to their positions in KITT. Geode Capital Management LLC boosted its stake in shares of Nauticus Robotics by 743.2% during the second quarter. Geode Capital Management LLC now owns 357,669 shares of the company’s stock valued at $324,000 after acquiring an additional 315,251 shares during the last quarter. Jane Street Group LLC acquired a new position in Nauticus Robotics in the 4th quarter valued at about $90,000. Osaic Holdings Inc. lifted its holdings in Nauticus Robotics by 164.1% in the 2nd quarter. Osaic Holdings Inc. now owns 90,190 shares of the company’s stock valued at $81,000 after purchasing an additional 56,035 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Nauticus Robotics in the 4th quarter valued at about $35,000. 20.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KITT has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Nauticus Robotics in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Nauticus Robotics from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Nauticus Robotics

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.