Christopher Wiese Sells 20,530 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) COO Christopher Wiese sold 20,530 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $0.71, for a total transaction of $14,576.30. Following the transaction, the chief operating officer now owns 1,194,131 shares of the company’s stock, valued at approximately $847,833.01. This trade represents a 1.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $5,595.68.

Energy Vault Stock Performance

Energy Vault stock opened at $0.67 on Wednesday. Energy Vault Holdings, Inc. has a 52 week low of $0.63 and a 52 week high of $2.70. The firm has a market capitalization of $101.77 million, a price-to-earnings ratio of -1.03 and a beta of 0.73. The company has a 50 day moving average price of $1.24 and a 200 day moving average price of $1.55.

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

Hedge Funds Weigh In On Energy Vault

Several institutional investors and hedge funds have recently bought and sold shares of NRGV. Virtu Financial LLC purchased a new stake in shares of Energy Vault in the fourth quarter worth approximately $27,000. Truist Financial Corp purchased a new stake in Energy Vault in the 4th quarter worth approximately $27,000. Atala Financial Inc acquired a new stake in shares of Energy Vault during the 4th quarter valued at $31,000. Shepherd Kaplan Krochuk LLC acquired a new stake in shares of Energy Vault during the 4th quarter valued at $31,000. Finally, PFG Investments LLC purchased a new position in shares of Energy Vault during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

NRGV has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on shares of 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 decreased 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 reduced their target price on Energy Vault from $2.50 to $1.50 and set a “buy” rating for the company in a report on Thursday, March 20th.

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.