Nauticus Robotics, Inc. (NASDAQ:KITT) CEO John W. Gibson, Jr. Sells 3,190 Shares

Nauticus Robotics, Inc. (NASDAQ:KITT) CEO John W. Gibson, Jr. sold 3,190 shares of Nauticus Robotics stock in a transaction on Monday, January 6th. The stock was sold at an average price of $6.03, for a total value of $19,235.70. Following the transaction, the chief executive officer now directly owns 94,606 shares of the company’s stock, valued at $570,474.18. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nauticus Robotics Stock Performance

NASDAQ:KITT traded down $0.68 during mid-day trading on Tuesday, hitting $4.18. 8,104,859 shares of the company’s stock traded hands, compared to its average volume of 41,244,977. The company has a market cap of $26.78 million, a PE ratio of -0.08 and a beta of -0.15. The firm’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $2.10. Nauticus Robotics, Inc. has a 1 year low of $0.82 and a 1 year high of $23.79.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.50% of the company’s stock.

Nauticus Robotics Company Profile

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.