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

Nauticus Robotics, Inc. (NASDAQ:KITT) CEO John W. Gibson, Jr. sold 3,190 shares of the business’s stock in a transaction dated 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 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 at the SEC website.

Nauticus Robotics Stock Performance

Shares of NASDAQ KITT opened at $4.18 on Wednesday. Nauticus Robotics, Inc. has a 52-week low of $0.82 and a 52-week high of $23.79. The stock has a market cap of $26.78 million, a P/E ratio of -0.08 and a beta of -0.15. The firm has a 50 day moving average price of $1.38 and a 200 day moving average price of $2.10.

Hedge Funds Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV bought a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent quarter. Institutional investors and hedge funds 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.