Marco Terruzzin Sells 22,222 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Marco Terruzzin sold 22,222 shares of Energy Vault stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $0.95, for a total transaction of $21,110.90. Following the sale, the insider now owns 1,593,888 shares in the company, valued at approximately $1,514,193.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Energy Vault Price Performance

Energy Vault stock opened at $0.93 on Friday. The company’s 50-day moving average price is $0.96 and its 200-day moving average price is $1.16. The company has a market cap of $138.21 million, a PE ratio of -1.55 and a beta of 0.65. Energy Vault Holdings, Inc. has a twelve month low of $0.78 and a twelve month high of $3.22.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Energy Vault had a negative return on equity of 40.67% and a negative net margin of 29.29%. The company had revenue of $3.77 million for the quarter, compared to the consensus estimate of $16.65 million. During the same period in the previous year, the firm earned ($0.18) earnings per share. As a group, sell-side analysts expect that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energy Vault

Several large investors have recently modified their holdings of NRGV. Vanguard Group Inc. raised its position in Energy Vault by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 1,675,361 shares of the company’s stock worth $2,999,000 after purchasing an additional 43,764 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 acquiring an additional 35,935 shares during the last quarter. CenterBook Partners LP purchased a new position in Energy Vault during the 4th quarter valued at $260,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Energy Vault during the first quarter worth $91,000. Finally, XTX Topco Ltd grew its holdings in shares of Energy Vault by 684.0% in the second quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock worth $164,000 after purchasing an additional 150,948 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price objective on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $2.25.

About Energy Vault

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.