Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) COO Christopher Wiese sold 20,530 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $0.71, for a total value of $14,576.30. Following the completion of the transaction, the chief operating officer now owns 1,194,131 shares of the company's stock, valued at approximately $847,833.01. This represents a 1.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Christopher Wiese also recently made the following trade(s):
- On Friday, February 7th, Christopher Wiese sold 3,412 shares of Energy Vault stock. The shares were sold at an average price of $1.64, for a total transaction of $5,595.68.
Energy Vault Stock Up 5.2 %
Shares of NRGV traded up $0.03 during trading hours on Friday, hitting $0.69. The company had a trading volume of 1,402,770 shares, compared to its average volume of 1,103,641. The firm has a market cap of $105.57 million, a P/E ratio of -1.07 and a beta of 0.73. The stock's 50 day moving average price is $1.16 and its 200 day moving average price is $1.54. Energy Vault Holdings, Inc. has a 52-week low of $0.63 and a 52-week high of $2.70.
Energy Vault (NYSE:NRGV - Get Free Report) last released its earnings results on Monday, March 17th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.21). The company had revenue of $38.95 million during the quarter, compared to the consensus estimate of $42.51 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. On average, research analysts expect that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in Energy Vault by 4.9% during the fourth quarter. Rhumbline Advisers now owns 146,881 shares of the company's stock valued at $335,000 after purchasing an additional 6,851 shares in the last quarter. DRW Securities LLC boosted its stake in shares of Energy Vault by 22.0% during the fourth quarter. DRW Securities LLC now owns 39,400 shares of the company's stock valued at $90,000 after purchasing an additional 7,100 shares in the last quarter. Root Financial Partners LLC raised its position in shares of Energy Vault by 35.0% in the 4th quarter. Root Financial Partners LLC now owns 30,404 shares of the company's stock worth $69,000 after acquiring an additional 7,876 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Energy Vault by 22.5% in the 4th quarter. SG Americas Securities LLC now owns 43,600 shares of the company's stock valued at $99,000 after buying an additional 7,999 shares in the last quarter. Finally, Two Sigma Securities LLC grew its holdings in Energy Vault by 81.0% in the fourth quarter. Two Sigma Securities LLC now owns 22,303 shares of the company's stock worth $51,000 after purchasing an additional 9,982 shares during the last quarter. Institutional investors own 40.03% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Energy Vault from $1.00 to $0.75 and set a "sell" rating on the stock in a research report on Wednesday, March 19th. TD Cowen reduced their target price on Energy Vault from $2.50 to $2.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Roth Mkm dropped their price target on Energy Vault from $2.50 to $1.50 and set a "buy" rating on the stock in a research note on Thursday, March 20th.
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About Energy Vault
(
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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.
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