Insider Selling: Nauticus Robotics, Inc. (NASDAQ:KITT) CEO Sells $19,235.70 in Stock

Nauticus Robotics, Inc. (NASDAQ:KITT) CEO John W. Gibson, Jr. sold 3,190 shares of Nauticus Robotics stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $6.03, for a total transaction of $19,235.70. Following the completion of the transaction, the chief executive officer now directly owns 94,606 shares of the company’s stock, valued at approximately $570,474.18. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nauticus Robotics Stock Performance

Nauticus Robotics stock opened at $2.92 on Friday. The stock has a 50-day simple moving average of $1.44 and a 200 day simple moving average of $2.11. The stock has a market capitalization of $18.71 million, a P/E ratio of -0.05 and a beta of -0.15. Nauticus Robotics, Inc. has a 52 week low of $0.82 and a 52 week 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 shares of Nauticus Robotics, Inc. (NASDAQ:KITT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. 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 at the end of the most recent reporting period. Institutional investors own 20.50% of the company’s stock.

About Nauticus Robotics

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.