Insider Selling: NuScale Power Co. (NYSE:SMR) CEO Sells 664,568 Shares of Stock

NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

NuScale Power Price Performance

Shares of SMR stock traded up $2.72 during trading hours on Monday, hitting $23.57. 15,021,080 shares of the company’s stock were exchanged, compared to its average volume of 10,896,858. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market cap of $6.02 billion, a P/E ratio of -24.81 and a beta of 1.47. The firm has a 50 day moving average of $22.80 and a two-hundred day moving average of $15.31. NuScale Power Co. has a fifty-two week low of $1.88 and a fifty-two week high of $32.30.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of NuScale Power during the 3rd quarter worth approximately $44,000. US Bancorp DE acquired a new position in NuScale Power in the 3rd quarter valued at $54,000. CWM LLC raised its stake in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after purchasing an additional 5,191 shares during the last quarter. Quest Partners LLC acquired a new position in NuScale Power in the 2nd quarter valued at $115,000. Finally, Victory Capital Management Inc. acquired a new position in NuScale Power in the 3rd quarter valued at $116,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on SMR. Craig Hallum raised their price target on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. CLSA assumed coverage on NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NuScale Power has an average rating of “Moderate Buy” and an average price target of $10.39.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.