Akshay Ladwa Sells 26,698 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Akshay Ladwa sold 26,698 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $0.71, for a total value of $18,955.58. Following the completion of the transaction, the insider now owns 2,270,651 shares of the company’s stock, valued at $1,612,162.21. This represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, February 7th, Akshay Ladwa sold 10,253 shares of Energy Vault stock. The shares were sold at an average price of $1.64, for a total value of $16,814.92.
• 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 value of $9,333.52.

Energy Vault Stock Up 9.5 %

NRGV opened at $0.74 on Thursday. The stock’s fifty day moving average is $1.20 and its two-hundred day moving average is $1.54. The company has a market capitalization of $112.17 million, a P/E ratio of -1.13 and a beta of 0.73. Energy Vault Holdings, Inc. has a 52 week low of $0.63 and a 52 week high of $2.70.

Energy Vault (NYSE:NRGV) last announced its earnings results on Monday, March 17th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.21). The company had revenue of $38.95 million for the quarter, compared to the consensus estimate of $42.51 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. Equities analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Institutional Trading of Energy Vault

Institutional investors have recently made changes to their positions in the business. Truist Financial Corp acquired a new stake in shares of Energy Vault in the 4th quarter worth $27,000. Virtu Financial LLC purchased a new position in shares of Energy Vault in the 4th quarter valued at about $27,000. Atala Financial Inc purchased a new position in shares of Energy Vault in the 4th quarter valued at about $31,000. Shepherd Kaplan Krochuk LLC purchased a new position in shares of Energy Vault in the 4th quarter valued at about $31,000. Finally, PFG Investments LLC purchased a new stake in Energy Vault during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Energy Vault from $1.00 to $0.75 and set a “sell” rating for the company in a research note on Wednesday, March 19th. TD Cowen dropped their price target on Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, Roth Mkm lowered their price objective on Energy Vault from $2.50 to $1.50 and set a “buy” rating for the company in a research note on Thursday, March 20th.

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.