Insider Selling: Nauticus Robotics, Inc. (NASDAQ:KITT) CEO Sells 3,190 Shares of Stock

Nauticus Robotics, Inc. (NASDAQ:KITT) CEO John W. Gibson, Jr. sold 3,190 shares of the firm’s 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 sale, the chief executive officer now owns 94,606 shares of the company’s stock, valued at $570,474.18. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Nauticus Robotics Trading Down 30.1 %

Shares of NASDAQ KITT opened at $2.92 on Friday. The firm has a market cap of $18.71 million, a P/E ratio of -0.05 and a beta of -0.15. The business’s 50 day moving average is $1.44 and its 200-day moving average is $2.11. Nauticus Robotics, Inc. has a 1-year low of $0.82 and a 1-year high of $23.79.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new stake in Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned approximately 0.64% of Nauticus Robotics as of its most recent filing with the Securities & Exchange Commission. 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.