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 Energy Vault stock in a transaction on Friday, April 4th. The shares were sold at an average price of $0.71, for a total value of $14,576.30. Following the sale, the chief operating officer now directly owns 1,194,131 shares of the company’s stock, valued at $847,833.01. This represents a 1.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 value of $5,595.68.

Energy Vault Stock Down 13.0 %

Shares of Energy Vault stock traded down $0.10 during trading on Tuesday, reaching $0.67. The company’s stock had a trading volume of 1,135,207 shares, compared to its average volume of 1,102,462. The company has a market cap of $101.77 million, a price-to-earnings ratio of -1.03 and a beta of 0.73. The firm’s 50-day moving average is $1.28 and its two-hundred day moving average is $1.56. Energy Vault Holdings, Inc. has a 52-week low of $0.63 and a 52-week high of $2.70.

Energy Vault (NYSE:NRGV) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $42.51 million. On average, equities research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Cowen cut their price objective on Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Roth Mkm decreased their price target on shares of Energy Vault from $2.50 to $1.50 and set a “buy” rating on the stock in a report on Thursday, March 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Energy Vault from $1.00 to $0.75 and set a “sell” rating for the company in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1.60.

Institutional Investors Weigh In On Energy Vault

Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers lifted its stake in shares of Energy Vault by 4.9% in the fourth quarter. Rhumbline Advisers now owns 146,881 shares of the company’s stock worth $335,000 after buying an additional 6,851 shares in the last quarter. DRW Securities LLC lifted its position in Energy Vault by 22.0% in the 4th quarter. DRW Securities LLC now owns 39,400 shares of the company’s stock valued at $90,000 after acquiring an additional 7,100 shares in the last quarter. Root Financial Partners LLC boosted its stake in Energy Vault by 35.0% during the 4th quarter. Root Financial Partners LLC now owns 30,404 shares of the company’s stock valued at $69,000 after purchasing an additional 7,876 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Energy Vault by 22.5% in the 4th quarter. SG Americas Securities LLC now owns 43,600 shares of the company’s stock worth $99,000 after purchasing an additional 7,999 shares in the last quarter. Finally, Two Sigma Securities LLC raised its stake in shares of Energy Vault by 81.0% in the fourth quarter. Two Sigma Securities LLC now owns 22,303 shares of the company’s stock worth $51,000 after purchasing an additional 9,982 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

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.