John W. Gibson, Jr. Sells 352,475 Shares of Nauticus Robotics, Inc. (NASDAQ:KITT) Stock

Nauticus Robotics, Inc. (NASDAQ:KITTGet Free Report) CEO John W. Gibson, Jr. sold 352,475 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $0.19, for a total transaction of $66,970.25. Following the transaction, the chief executive officer now owns 615,305 shares of the company’s stock, valued at approximately $116,907.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Nauticus Robotics Stock Down 4.8 %

Nauticus Robotics stock opened at $0.24 on Monday. The company has a 50-day simple moving average of $0.35 and a 200-day simple moving average of $1.12. The firm has a market capitalization of $11.91 million, a P/E ratio of -0.58 and a beta of -0.03. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.07 and a current ratio of 2.15. Nauticus Robotics, Inc. has a one year low of $0.18 and a one year high of $3.22.

Hedge Funds Weigh In On Nauticus Robotics

A number of institutional investors and hedge funds have recently bought and sold shares of KITT. Adage Capital Partners GP L.L.C. grew its position in Nauticus Robotics by 109.8% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 241,654 shares of the company’s stock valued at $428,000 after buying an additional 126,460 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in Nauticus Robotics in the 4th quarter valued at about $214,000. Geode Capital Management LLC lifted its holdings in Nauticus Robotics by 425.7% in the 2nd quarter. Geode Capital Management LLC now owns 54,665 shares of the company’s stock valued at $116,000 after acquiring an additional 44,266 shares during the last quarter. BlackRock Inc. lifted its holdings in Nauticus Robotics by 34.7% in the 2nd quarter. BlackRock Inc. now owns 166,015 shares of the company’s stock valued at $344,000 after acquiring an additional 42,763 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Nauticus Robotics during the third quarter valued at about $124,000. Institutional investors own 2.37% of the company’s stock.

Nauticus Robotics Company Profile

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Nauticus Robotics, Inc develops and provides ocean robots, software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut that is used for non-industrial and government applications.

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