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 the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $0.95, for a total value of $21,110.90. Following the completion of the transaction, the insider now directly owns 1,593,888 shares of the company’s stock, valued at $1,514,193.60. The sale was disclosed in a filing with the SEC, which is available at this link.

Energy Vault Stock Performance

Shares of NYSE:NRGV opened at $0.93 on Friday. The company has a fifty day moving average of $0.96 and a 200-day moving average of $1.16. The company has a market capitalization of $138.24 million, a PE ratio of -1.55 and a beta of 0.65. Energy Vault Holdings, Inc. has a 52-week low of $0.78 and a 52-week high of $3.22.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). The firm had revenue of $3.77 million for the quarter, compared to the consensus estimate of $16.65 million. Energy Vault had a negative net margin of 29.29% and a negative return on equity of 40.67%. During the same period last year, the company posted ($0.18) EPS. On average, equities analysts forecast that Energy Vault Holdings, Inc. will post -0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Energy Vault

Several institutional investors and hedge funds have recently added to or reduced their stakes in NRGV. SG Americas Securities LLC boosted its holdings in Energy Vault by 95.5% in the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after buying an additional 17,388 shares during the period. Mesirow Financial Investment Management Inc. increased its position in shares of Energy Vault by 33.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after acquiring an additional 20,000 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Energy Vault by 17.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock valued at $434,000 after acquiring an additional 35,935 shares during the period. Vanguard Group Inc. boosted its stake in shares of Energy Vault by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,675,361 shares of the company’s stock valued at $2,999,000 after purchasing an additional 43,764 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Energy Vault during the first quarter worth about $91,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.