Insider Buying: Nauticus Robotics, Inc. (NASDAQ:KITT) CEO Buys 52,157 Shares of Stock

Nauticus Robotics, Inc. (NASDAQ:KITT) CEO John W. Gibson, Jr. acquired 52,157 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $1.03 per share, with a total value of $53,721.71. Following the acquisition, the chief executive officer now directly owns 71,713 shares of the company’s stock, valued at $73,864.39. This trade represents a 266.71 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Nauticus Robotics Stock Up 9.8 %

NASDAQ:KITT traded up $0.10 on Wednesday, hitting $1.12. The stock had a trading volume of 1,602,512 shares, compared to its average volume of 699,737. Nauticus Robotics, Inc. has a 52-week low of $0.85 and a 52-week high of $60.48. The stock has a market cap of $7.18 million, a price-to-earnings ratio of -0.02 and a beta of -0.01. The business’s 50-day simple moving average is $1.30 and its two-hundred day simple moving average is $2.99.

Hedge Funds Weigh In On Nauticus Robotics

A hedge fund recently bought a new stake in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV purchased a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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 quarter. 20.50% of the stock is currently owned by institutional investors and hedge funds.

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.