Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CEO Robert Piconi sold 16,594 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $0.71, for a total transaction of $11,781.74. Following the sale, the chief executive officer now owns 20,094,264 shares of the company's stock, valued at approximately $14,266,927.44. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Robert Piconi also recently made the following trade(s):
- On Friday, February 7th, Robert Piconi sold 2,806 shares of Energy Vault stock. The shares were sold at an average price of $1.64, for a total value of $4,601.84.
Energy Vault Trading Up 5.2 %
NRGV traded up $0.03 during midday trading on Friday, hitting $0.69. The company's stock 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 firm has a 50-day moving average price of $1.16 and a two-hundred day moving average price of $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 issued its quarterly earnings data on Monday, March 17th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.21). Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. The company had revenue of $38.95 million for the quarter, compared to analyst estimates of $42.51 million. On average, equities analysts expect 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 made changes to their positions in NRGV. Invesco Ltd. raised its stake in Energy Vault by 15,519.9% during the fourth quarter. Invesco Ltd. now owns 2,675,226 shares of the company's stock worth $6,100,000 after acquiring an additional 2,658,099 shares during the period. CastleKnight Management LP acquired a new stake in shares of Energy Vault during the 4th quarter valued at $2,752,000. Millennium Management LLC boosted its position in shares of Energy Vault by 122.5% in the 4th quarter. Millennium Management LLC now owns 1,442,399 shares of the company's stock valued at $3,289,000 after purchasing an additional 794,253 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Energy Vault by 44.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 889,493 shares of the company's stock valued at $2,028,000 after purchasing an additional 272,465 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Energy Vault in the fourth quarter worth approximately $598,000. 40.03% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Roth Mkm cut their target price on Energy Vault from $2.50 to $1.50 and set a "buy" rating on the stock in a research report on Thursday, March 20th. The Goldman Sachs Group reduced their price objective on shares of Energy Vault from $1.00 to $0.75 and set a "sell" rating for the company in a research report on Wednesday, March 19th. Finally, TD Cowen cut their price target on shares of Energy Vault from $2.50 to $2.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th.
Read Our Latest Research Report on Energy Vault
Energy Vault Company Profile
(
Get Free Report)
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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