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 that occurred on Monday, January 6th. The stock was sold at an average price of $6.03, for a total transaction of $19,235.70. Following the completion of the sale, the chief executive officer now directly owns 94,606 shares of the company’s stock, valued at $570,474.18. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Nauticus Robotics Stock Down 14.0 %

Shares of KITT stock traded down $0.68 during mid-day trading on Tuesday, hitting $4.18. 8,104,859 shares of the company’s stock were exchanged, compared to its average volume of 41,244,977. The stock has a market cap of $26.78 million, a price-to-earnings ratio of -0.08 and a beta of -0.15. Nauticus Robotics, Inc. has a fifty-two week low of $0.82 and a fifty-two week high of $23.79. The stock has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $2.10.

Institutional Trading of Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned 0.64% of Nauticus Robotics at the end of the most recent reporting period. 20.50% of the stock is owned by institutional investors.

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.