John W. Gibson, Jr. Buys 52,157 Shares of Nauticus Robotics, Inc. (NASDAQ:KITT) Stock

Nauticus Robotics, Inc. (NASDAQ:KITT) CEO John W. Gibson, Jr. purchased 52,157 shares of Nauticus Robotics stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of $1.03 per share, with a total value of $53,721.71. Following the transaction, the chief executive officer now owns 71,713 shares of the company’s stock, valued at approximately $73,864.39. This represents a 266.71 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Nauticus Robotics Price Performance

Shares of NASDAQ:KITT traded up $0.10 during mid-day trading on Wednesday, reaching $1.12. 1,602,512 shares of the company traded hands, compared to its average volume of 699,737. The company’s 50 day moving average price is $1.30 and its 200-day moving average price is $2.99. The firm has a market cap of $7.18 million, a PE ratio of -0.02 and a beta of -0.01. Nauticus Robotics, Inc. has a 52 week low of $0.85 and a 52 week high of $60.48.

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 stake in shares of Nauticus Robotics, Inc. (NASDAQ:KITT) during the second quarter, according to the company in its most recent 13F filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission. 20.50% of the stock is currently owned by hedge funds and other institutional investors.

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.