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

Posted by Karen Miller on Nov 30th, 2024

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

Nauticus Robotics Price Performance

Shares of NASDAQ KITT opened at $1.21 on Friday. The stock has a market capitalization of $7.75 million, a PE ratio of -0.02 and a beta of -0.01. The business has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $2.95. Nauticus Robotics, Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $52.92.

Hedge Funds Weigh In On Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 20.50% of the company’s stock.

Nauticus Robotics Company Profile

(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.