Energy Vault (NYSE:NRGV) Insider Sells $242,250.00 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Akshay Ladwa sold 75,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $3.23, for a total transaction of $242,250.00. Following the completion of the transaction, the insider directly owned 2,084,582 shares in the company, valued at $6,733,199.86. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, July 18th, Akshay Ladwa sold 15,046 shares of Energy Vault stock. The stock was sold at an average price of $0.81, for a total transaction of $12,187.26.

Energy Vault Stock Up 4.1%

NRGV opened at $3.20 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. The stock has a market cap of $517.11 million, a price-to-earnings ratio of -3.29 and a beta of 0.83. The company’s 50-day moving average price is $1.76 and its two-hundred day moving average price is $1.15. Energy Vault Holdings, Inc. has a twelve month low of $0.60 and a twelve month high of $3.55.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.15). Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. The firm had revenue of $8.51 million for the quarter, compared to the consensus estimate of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. As a group, equities 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

Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in 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 purchasing an additional 794,253 shares during the last quarter. Private Capital Advisors Inc. raised its position in shares of Energy Vault by 766.1% in the first quarter. Private Capital Advisors Inc. now owns 487,260 shares of the company’s stock valued at $339,000 after purchasing an additional 431,000 shares during the period. Nuveen LLC purchased a new stake in shares of Energy Vault during the 1st quarter valued at approximately $190,000. ProShare Advisors LLC boosted its holdings in Energy Vault by 199.9% in the 4th quarter. ProShare Advisors LLC now owns 58,398 shares of the company’s stock worth $133,000 after buying an additional 38,927 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in Energy Vault in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.