Nauticus Robotics, Inc. (NASDAQ:KITT - Get Free Report) CEO John W. Gibson, Jr. acquired 52,157 shares of the stock in a transaction on Tuesday, November 26th. The shares were purchased at an average cost of $1.03 per share, with a total value of $53,721.71. Following the transaction, the chief executive officer now directly owns 71,713 shares of the company's stock, valued at approximately $73,864.39. This trade represents a 266.71 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Nauticus Robotics Price Performance
Shares of Nauticus Robotics stock opened at $1.12 on Thursday. Nauticus Robotics, Inc. has a 1 year low of $0.85 and a 1 year high of $60.48. The firm has a market cap of $7.18 million, a price-to-earnings ratio of -0.02 and a beta of -0.01. The company has a 50-day moving average of $1.30 and a 200 day moving average of $2.99.
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 position in Nauticus Robotics, Inc. (NASDAQ:KITT - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and 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 about 0.64% of Nauticus Robotics as of its most recent SEC filing. 20.50% of the stock is currently owned by institutional investors.
Nauticus Robotics Company Profile
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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.
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