Energy Vault Holdings, Inc. (NYSE:NRGV) Insider Sells $16,814.92 in Stock

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

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

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

Energy Vault Trading Down 0.6 %

NYSE:NRGV opened at $1.54 on Thursday. Energy Vault Holdings, Inc. has a 1-year low of $0.78 and a 1-year high of $2.70. The company’s fifty day moving average price is $1.92 and its 200-day moving average price is $1.50.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.20 million for the quarter, compared to analysts’ expectations of $4.80 million. During the same period last year, the company posted ($0.13) earnings per share. On average, equities research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Energy Vault

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Energy Vault by 225.2% during the third quarter. Barclays PLC now owns 143,759 shares of the company’s stock worth $137,000 after buying an additional 99,550 shares in the last quarter. State Street Corp boosted its holdings in Energy Vault by 1.1% during the third quarter. State Street Corp now owns 1,850,702 shares of the company’s stock worth $1,777,000 after buying an additional 20,915 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Energy Vault by 8.5% during the third quarter. Geode Capital Management LLC now owns 2,273,042 shares of the company’s stock worth $2,182,000 after buying an additional 177,214 shares in the last quarter. DRW Securities LLC purchased a new position in Energy Vault during the third quarter valued at $31,000. Finally, PFG Investments LLC purchased a new position in Energy Vault during the fourth quarter valued at $42,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Energy Vault Company Profile

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.