Insider Selling: Energy Vault Holdings, Inc. (NYSE:NRGV) Insider Sells 22,222 Shares of Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Marco Terruzzin sold 22,222 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $0.94, for a total transaction of $20,888.68. Following the sale, the insider now owns 1,505,000 shares in the company, valued at $1,414,700. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Marco Terruzzin also recently made the following trade(s):

• On Tuesday, October 1st, Marco Terruzzin sold 22,222 shares of Energy Vault stock. The stock was sold at an average price of $0.95, for a total value of $21,110.90.

Energy Vault Stock Performance

NYSE NRGV opened at $0.95 on Friday. Energy Vault Holdings, Inc. has a 1 year low of $0.78 and a 1 year high of $3.22. The stock’s 50-day moving average price is $0.94 and its two-hundred day moving average price is $1.13.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Energy Vault had a negative net margin of 29.29% and a negative return on equity of 40.67%. The firm had revenue of $3.77 million during the quarter, compared to analysts’ expectations of $16.65 million. During the same quarter last year, the company posted ($0.18) EPS. As a group, equities analysts expect that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their price objective on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $2.25.

Hedge Funds Weigh In On Energy Vault

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC raised its holdings in shares of Energy Vault by 95.5% during the third quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after acquiring an additional 17,388 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Energy Vault during the 1st quarter worth about $91,000. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Energy Vault by 33.3% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after buying an additional 20,000 shares during the last quarter. Green Alpha Advisors LLC grew its stake in shares of Energy Vault by 62.3% in the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock valued at $152,000 after buying an additional 60,725 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Energy Vault by 684.0% in the second quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock worth $164,000 after buying an additional 150,948 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.