Insider Selling: Energy Vault Holdings, Inc. (NYSE:NRGV) Insider Sells 18,476 Shares of Stock

Energy Vault Holdings, Inc. (NYSE:NRGVGet Free Report) insider Goncagul Icoren sold 18,476 shares of Energy Vault stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $1.16, for a total value of $21,432.16. Following the completion of the transaction, the insider now directly owns 891,188 shares of the company’s stock, valued at approximately $1,033,778.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Goncagul Icoren also recently made the following trade(s):

  • On Friday, May 3rd, Goncagul Icoren sold 5,027 shares of Energy Vault stock. The stock was sold at an average price of $1.25, for a total value of $6,283.75.
  • On Monday, March 18th, Goncagul Icoren sold 15,071 shares of Energy Vault stock. The stock was sold at an average price of $1.64, for a total value of $24,716.44.

Energy Vault Price Performance

NYSE:NRGV remained flat at $1.16 during mid-day trading on Tuesday. 457,342 shares of the company traded hands, compared to its average volume of 821,051. The stock has a market cap of $172.67 million, a PE ratio of -1.93 and a beta of 0.72. Energy Vault Holdings, Inc. has a one year low of $1.05 and a one year high of $3.55. The stock has a 50 day moving average price of $1.28 and a 200 day moving average price of $1.69.

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

Institutional Investors Weigh In On Energy Vault

Several large investors have recently added to or reduced their stakes in NRGV. DekaBank Deutsche Girozentrale purchased a new stake in Energy Vault in the 3rd quarter valued at about $25,000. Simplicity Solutions LLC purchased a new stake in shares of Energy Vault in the 4th quarter worth approximately $33,000. Bleakley Financial Group LLC purchased a new stake in shares of Energy Vault in the 4th quarter worth approximately $33,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Energy Vault in the 4th quarter worth approximately $37,000. Finally, Alpine Global Management LLC purchased a new stake in shares of Energy Vault in the 3rd quarter worth approximately $38,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on Energy Vault

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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