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 company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $6.03, for a total value of $19,235.70. Following the sale, the chief executive officer now owns 94,606 shares in the company, valued at $570,474.18. The trade was a 3.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Nauticus Robotics Trading Down 30.1 %

Shares of NASDAQ KITT opened at $2.92 on Thursday. The business has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $2.10. Nauticus Robotics, Inc. has a twelve month low of $0.82 and a twelve month high of $23.79. The company has a market capitalization of $18.71 million, a price-to-earnings ratio of -0.05 and a beta of -0.15.

Institutional Trading of Nauticus Robotics

An institutional investor recently bought a new position in Nauticus Robotics stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 400,000 shares of the company’s stock, valued at approximately $54,000. Mercer Global Advisors Inc. ADV owned 0.64% of Nauticus Robotics as of its most recent SEC filing. 20.50% of the stock is currently owned by institutional investors and hedge funds.

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.