Energy Vault Holdings, Inc. (NYSE:NRGV) COO Christopher Wiese Sells 9,848 Shares

Energy Vault Holdings, Inc. (NYSE:NRGVGet Free Report) COO Christopher Wiese sold 9,848 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $1.16, for a total value of $11,423.68. Following the completion of the transaction, the chief operating officer now owns 993,850 shares of the company’s stock, valued at $1,152,866. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, May 3rd, Christopher Wiese sold 2,680 shares of Energy Vault stock. The shares were sold at an average price of $1.25, for a total value of $3,350.00.
  • On Tuesday, March 19th, Christopher Wiese sold 10,956 shares of Energy Vault stock. The shares were sold at an average price of $1.63, for a total value of $17,858.28.

Energy Vault Price Performance

Shares of NYSE NRGV opened at $1.11 on Friday. Energy Vault Holdings, Inc. has a 1-year low of $1.05 and a 1-year high of $3.55. The business has a 50-day moving average of $1.25 and a 200-day moving average of $1.68. The company has a market capitalization of $165.22 million, a price-to-earnings ratio of -1.85 and a beta of 0.72.

Energy Vault (NYSE:NRGVGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). Energy Vault had a negative return on equity of 38.36% and a negative net margin of 26.17%. The business had revenue of $7.76 million for the quarter, compared to analysts’ expectations of $11.35 million. Research analysts expect that Energy Vault Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NRGV shares. The Goldman Sachs Group lowered their price target on Energy Vault from $1.70 to $1.50 and set a “sell” rating for the company in a research report on Friday, March 22nd. TD Cowen lowered their price target on Energy Vault from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, May 13th. Stifel Nicolaus lowered their price target on Energy Vault from $6.00 to $3.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Chardan Capital reissued a “sell” rating and set a $0.75 price target (down previously from $7.00) on shares of Energy Vault in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $2.65.

View Our Latest Report on NRGV

Institutional Trading of Energy Vault

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Energy Vault by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,675,361 shares of the company’s stock valued at $2,999,000 after buying an additional 43,764 shares in the last quarter. Sapient Capital LLC raised its stake in Energy Vault by 14.0% during the first quarter. Sapient Capital LLC now owns 243,939 shares of the company’s stock valued at $437,000 after buying an additional 30,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Energy Vault by 17.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock worth $434,000 after purchasing an additional 35,935 shares during the period. CenterBook Partners LP acquired a new stake in shares of Energy Vault during the 4th quarter worth approximately $260,000. Finally, Green Alpha Advisors LLC raised its position in shares of Energy Vault by 20.7% during the 4th quarter. Green Alpha Advisors LLC now owns 101,023 shares of the company’s stock worth $235,000 after purchasing an additional 17,333 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Energy Vault (NYSE:NRGV)

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