Nauticus Robotics, Inc. (NASDAQ:KITT) Director Acquires $16,156.12 in Stock

Nauticus Robotics, Inc. (NASDAQ:KITT) Director William Flores acquired 70,244 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were bought at an average cost of $0.23 per share, for a total transaction of $16,156.12. Following the completion of the transaction, the director now directly owns 70,244 shares of the company’s stock, valued at approximately $16,156.12. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

William Flores also recently made the following trade(s):

• On Monday, April 15th, William Flores acquired 29,756 shares of Nauticus Robotics stock. The shares were bought at an average cost of $0.22 per share, for a total transaction of $6,546.32.

Nauticus Robotics Stock Performance

Shares of KITT opened at $0.23 on Tuesday. The company’s 50 day moving average price is $0.27 and its 200 day moving average price is $0.86. Nauticus Robotics, Inc. has a 52 week low of $0.18 and a 52 week high of $2.72. The company has a market capitalization of $14.16 million, a PE ratio of -0.16 and a beta of 0.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. grew its position in Nauticus Robotics by 109.8% during the third quarter. Adage Capital Partners GP L.L.C. now owns 241,654 shares of the company’s stock valued at $428,000 after purchasing an additional 126,460 shares in the last quarter. BlackRock Inc. grew its position in Nauticus Robotics by 34.7% during the second quarter. BlackRock Inc. now owns 166,015 shares of the company’s stock valued at $344,000 after purchasing an additional 42,763 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new stake in Nauticus Robotics in the fourth quarter worth approximately $214,000. Vanguard Group Inc. grew its position in Nauticus Robotics by 15.8% in the third quarter. Vanguard Group Inc. now owns 114,701 shares of the company’s stock worth $203,000 after acquiring an additional 15,691 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Nauticus Robotics in the third quarter worth approximately $124,000. 20.50% of the stock is owned by hedge funds and other institutional investors.

Nauticus Robotics Company Profile

Nauticus Robotics, Inc develops and provides ocean robots, software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut that is used for non-industrial and government applications.