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 shares were sold at an average price of $1.64, for a total value of $16,814.92. Following the completion of the sale, the insider now directly owns 1,447,349 shares of the company’s stock, valued at approximately $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 can be accessed through this link.

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 transaction of $9,333.52.

Energy Vault Stock Performance

Shares of NRGV traded down $0.15 during trading hours on Tuesday, reaching $1.55. 720,477 shares of the company traded hands, compared to its average volume of 1,194,191. Energy Vault Holdings, Inc. has a 1-year low of $0.78 and a 1-year high of $2.70. The stock has a market cap of $235.03 million, a P/E ratio of -2.38 and a beta of 0.40. The stock’s fifty day moving average is $1.93 and its 200 day moving average is $1.50.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The firm had revenue of $1.20 million during the quarter, compared to the consensus estimate of $4.80 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. During the same quarter in the prior year, the business posted ($0.13) EPS. On average, equities research analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors have recently bought and sold shares of NRGV. Barclays PLC lifted its holdings in shares of Energy Vault by 225.2% during the 3rd quarter. Barclays PLC now owns 143,759 shares of the company’s stock worth $137,000 after acquiring an additional 99,550 shares during the period. State Street Corp lifted its stake 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 purchasing an additional 20,915 shares during the period. Geode Capital Management LLC lifted its stake 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 purchasing an additional 177,214 shares during the period. DRW Securities LLC acquired a new stake in Energy Vault during the third quarter valued at approximately $31,000. Finally, PFG Investments LLC bought a new stake in shares of Energy Vault in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

Separately, TD Cowen reaffirmed a “buy” rating and issued a $2.50 price target on shares of Energy Vault in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Energy Vault currently has a consensus rating of “Hold” and a consensus target price 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.