Energy Vault Holdings, Inc. (NYSE:NRGV) COO Sells $14,576.30 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) COO Christopher Wiese sold 20,530 shares of Energy Vault stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $0.71, for a total value of $14,576.30. Following the completion of the sale, the chief operating officer now owns 1,194,131 shares of the company’s stock, valued at approximately $847,833.01. The trade was a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Christopher Wiese also recently made the following trade(s):

• On Friday, February 7th, Christopher Wiese sold 3,412 shares of Energy Vault stock. The stock was sold at an average price of $1.64, for a total value of $5,595.68.

Energy Vault Trading Down 13.0 %

Shares of NRGV stock traded down $0.10 on Tuesday, hitting $0.67. 1,135,207 shares of the stock were exchanged, compared to its average volume of 1,102,462. The firm’s 50 day moving average is $1.28 and its two-hundred day moving average is $1.56. Energy Vault Holdings, Inc. has a one year low of $0.63 and a one year high of $2.70. The firm has a market capitalization of $101.77 million, a PE ratio of -1.03 and a beta of 0.73.

Energy Vault (NYSE:NRGV) last issued its earnings results on Monday, March 17th. The company reported ($0.35) earnings per share 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 business had revenue of $38.95 million for the quarter, compared to the consensus estimate of $42.51 million. On average, sell-side analysts expect that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Institutional Investors Weigh In On Energy Vault

A number of hedge funds and other institutional investors have recently bought and sold shares of NRGV. Invesco Ltd. grew its position in shares of Energy Vault by 15,519.9% in the fourth quarter. Invesco Ltd. now owns 2,675,226 shares of the company’s stock valued at $6,100,000 after purchasing an additional 2,658,099 shares in the last quarter. Geode Capital Management LLC boosted its stake in Energy Vault by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,322,871 shares of the company’s stock worth $5,297,000 after purchasing an additional 49,829 shares during the period. State Street Corp grew its holdings in Energy Vault by 1.1% during the 3rd quarter. State Street Corp now owns 1,850,702 shares of the company’s stock valued at $1,777,000 after buying an additional 20,915 shares in the last quarter. Millennium Management LLC increased its position in shares of Energy Vault by 122.5% during the fourth quarter. Millennium Management LLC now owns 1,442,399 shares of the company’s stock valued at $3,289,000 after buying an additional 794,253 shares during the period. Finally, CastleKnight Management LP purchased a new stake in shares of Energy Vault in the fourth quarter worth about $2,752,000. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on NRGV shares. TD Cowen cut their target price on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. 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 note on Thursday, March 20th. Finally, The Goldman Sachs Group decreased their price target on Energy Vault from $1.00 to $0.75 and set a “sell” rating for the company in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1.60.

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.