Energy Vault Holdings, Inc. (NYSE:NRGV) Insider Akshay Ladwa Sells 10,253 Shares

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Akshay Ladwa sold 10,253 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $1.64, for a total transaction of $16,814.92. Following the completion of the transaction, the insider now owns 1,447,349 shares of the company’s stock, valued at $2,373,652.36. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Akshay Ladwa also recently made the following trade(s):

• On Friday, January 10th, Akshay Ladwa sold 4,762 shares of Energy Vault stock. The shares were sold at an average price of $1.96, for a total value of $9,333.52.

Energy Vault Price Performance

Energy Vault stock traded down $0.15 during mid-day trading on Tuesday, hitting $1.55. 720,477 shares of the company’s stock traded hands, compared to its average volume of 1,194,191. Energy Vault Holdings, Inc. has a fifty-two week low of $0.78 and a fifty-two week high of $2.70. The firm has a 50 day simple moving average of $1.93 and a two-hundred day simple moving average of $1.50. The stock has a market cap of $235.03 million, a price-to-earnings ratio of -2.38 and a beta of 0.40.

Energy Vault (NYSE:NRGV) last released its earnings results on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. The business had revenue of $1.20 million for the quarter, compared to the consensus estimate of $4.80 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. On average, research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energy Vault

A number of hedge funds have recently made changes to their positions in the stock. Truist Financial Corp bought a new position in shares of Energy Vault in the fourth quarter valued at $27,000. Virtu Financial LLC purchased a new position in Energy Vault during the fourth quarter worth about $27,000. Atala Financial Inc bought a new position in shares of Energy Vault during the 4th quarter valued at about $31,000. DRW Securities LLC purchased a new position in Energy Vault in the 3rd quarter worth approximately $31,000. Finally, SG Americas Securities LLC raised its position in Energy Vault by 95.5% during the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock valued at $34,000 after purchasing an additional 17,388 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, TD Cowen restated a “buy” rating and issued a $2.50 price objective on shares of Energy Vault in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1.95.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.