Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CEO Robert Piconi sold 16,594 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $0.71, for a total value of $11,781.74. Following the completion of the transaction, the chief executive officer now owns 20,094,264 shares in the company, valued at $14,266,927.44. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Robert Piconi also recently made the following trade(s):
- On Friday, February 7th, Robert Piconi sold 2,806 shares of Energy Vault stock. The shares were sold at an average price of $1.64, for a total transaction of $4,601.84.
Energy Vault Trading Down 13.0 %
Energy Vault stock opened at $0.67 on Wednesday. Energy Vault Holdings, Inc. has a 1-year low of $0.63 and a 1-year high of $2.70. The firm's fifty day simple moving average is $1.24 and its 200-day simple moving average is $1.55. The company has a market capitalization of $101.77 million, a P/E ratio of -1.03 and a beta of 0.73.
Energy Vault (NYSE:NRGV - Get Free Report) last posted its earnings results on Monday, March 17th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.21). The company had revenue of $38.95 million for the quarter, compared to the consensus estimate of $42.51 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. On average, equities research analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.
Wall Street Analysts Forecast Growth
NRGV has been the subject of a number of research reports. The Goldman Sachs Group decreased their target price on shares of Energy Vault from $1.00 to $0.75 and set a "sell" rating for the company in a research note on Wednesday, March 19th. TD Cowen reduced their price objective on Energy Vault from $2.50 to $2.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Finally, Roth Mkm dropped their target price on Energy Vault from $2.50 to $1.50 and set a "buy" rating on the stock in a research report on Thursday, March 20th.
Get Our Latest Stock Analysis on NRGV
Institutional Investors Weigh In On Energy Vault
Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of Energy Vault in the fourth quarter worth $27,000. Truist Financial Corp bought a new position in Energy Vault in the 4th quarter worth $27,000. Atala Financial Inc acquired a new position in Energy Vault during the 4th quarter worth $31,000. Shepherd Kaplan Krochuk LLC bought a new stake in Energy Vault during the fourth quarter valued at about $31,000. Finally, PFG Investments LLC acquired a new stake in shares of Energy Vault in the fourth quarter valued at about $42,000. Institutional investors 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.
Further Reading
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