Akshay Ladwa Sells 75,000 Shares of Energy Vault (NYSE:NRGV) Stock

Key Points

• Akshay Ladwa, an insider at Energy Vault, sold 75,000 shares of the company's stock at an average price of $3.23, totaling $242,250, while still retaining over 2 million shares valued at approximately $6.73 million.
• Energy Vault's stock performance shows a current price of $3.20 with a market cap of $517.11 million, despite reporting a significant earnings miss for the last quarter.
• Recent institutional trading activity revealed that firms like Goldman Sachs and Deutsche Bank increased their holdings in Energy Vault, with institutional investors now owning around 40% of the company's stock.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) insider Akshay Ladwa sold 75,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $3.23, for a total transaction of $242,250.00. Following the completion of the sale, the insider owned 2,084,582 shares of the company's stock, valued at approximately $6,733,199.86. The trade was a 3.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Akshay Ladwa also recently made the following trade(s):

• On Friday, July 18th, Akshay Ladwa sold 15,046 shares of Energy Vault stock. The shares were sold at an average price of $0.81, for a total transaction of $12,187.26.

Energy Vault Stock Performance

Shares of NYSE NRGV traded up $0.13 during mid-day trading on Thursday, hitting $3.20. The company had a trading volume of 7,278,447 shares, compared to its average volume of 1,804,888. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66. The business's 50-day simple moving average is $1.72 and its 200-day simple moving average is $1.14. Energy Vault Holdings, Inc. has a 12 month low of $0.60 and a 12 month high of $3.55. The firm has a market cap of $517.11 million, a P/E ratio of -3.29 and a beta of 0.83.

Energy Vault (NYSE:NRGV - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.15). Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. The company had revenue of $8.51 million for the quarter, compared to analyst estimates of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. As a group, analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in shares of Energy Vault by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock valued at $277,000 after acquiring an additional 16,101 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Energy Vault during the 4th quarter valued at $44,000. Mesirow Financial Investment Management Inc. raised its position in shares of Energy Vault by 19.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 125,000 shares of the company's stock valued at $90,000 after acquiring an additional 20,000 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Energy Vault during the 4th quarter valued at $50,000. Finally, Deutsche Bank AG raised its position in shares of Energy Vault by 69.2% during the 4th quarter. Deutsche Bank AG now owns 57,197 shares of the company's stock valued at $130,000 after acquiring an additional 23,386 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

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.

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