Nauticus Robotics, Inc. (NASDAQ:KITT) CEO Purchases $53,721.71 in Stock

Posted by Maddie Sorensen on Nov 30th, 2024

Nauticus Robotics, Inc. (NASDAQ:KITT – Get Free Report) CEO John W. Gibson, Jr. acquired 52,157 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $1.03 per share, with a total value of $53,721.71. Following the completion of the transaction, the chief executive officer now owns 71,713 shares of the company’s stock, valued at approximately $73,864.39. The trade was a 266.71 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Nauticus Robotics Trading Up 8.0 %

NASDAQ:KITT opened at $1.21 on Friday. The stock has a market cap of $7.75 million, a P/E ratio of -0.02 and a beta of -0.01. The stock has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $2.95. Nauticus Robotics, Inc. has a 1-year low of $0.85 and a 1-year high of $52.92.

Institutional Trading of Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned about 0.64% of Nauticus Robotics at the end of the most recent quarter. Institutional investors and hedge funds own 20.50% of the company’s stock.

About Nauticus Robotics

(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.