Akshay Ladwa Sells 10,253 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Akshay Ladwa sold 10,253 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $1.64, for a total transaction of $16,814.92. Following the completion of the sale, the insider now directly owns 1,447,349 shares of the company’s stock, valued at $2,373,652.36. The trade was a 0.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, January 10th, Akshay Ladwa sold 4,762 shares of Energy Vault stock. The stock was sold at an average price of $1.96, for a total transaction of $9,333.52.

Energy Vault Price Performance

NYSE:NRGV opened at $1.54 on Thursday. Energy Vault Holdings, Inc. has a 52 week low of $0.78 and a 52 week high of $2.70. The firm has a 50 day moving average of $1.92 and a 200 day moving average of $1.50.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. The firm had revenue of $1.20 million for the quarter, compared to analysts’ expectations of $4.80 million. During the same period in the previous year, the company earned ($0.13) EPS. Equities research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS 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. Truist Financial Corp acquired a new position in Energy Vault during the 4th quarter valued at approximately $27,000. Virtu Financial LLC acquired a new position in Energy Vault during the 4th quarter valued at approximately $27,000. Atala Financial Inc acquired a new position in Energy Vault during the 4th quarter valued at approximately $31,000. DRW Securities LLC acquired a new position in Energy Vault during the 3rd quarter valued at approximately $31,000. Finally, SG Americas Securities LLC increased its stake in Energy Vault by 95.5% during the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock valued at $34,000 after purchasing an additional 17,388 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TD Cowen reaffirmed a “buy” rating and issued a $2.50 price target on shares of Energy Vault in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, Energy Vault presently has an average rating of “Hold” and an average target price of $1.95.

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.