Akshay Ladwa Sells 15,046 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) insider Akshay Ladwa sold 15,046 shares of the stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $0.81, for a total transaction of $12,187.26. Following the sale, the insider owned 2,181,042 shares in the company, valued at $1,766,644.02. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, April 29th, Akshay Ladwa sold 57,033 shares of Energy Vault stock. The shares were sold at an average price of $0.71, for a total transaction of $40,493.43.

Energy Vault Stock Performance

Shares of NRGV traded down $0.00 during trading hours on Friday, reaching $0.81. 537,226 shares of the company traded hands, compared to its average volume of 1,303,814. The stock has a market cap of $126.50 million, a P/E ratio of -0.87 and a beta of 0.70. The stock's fifty day moving average is $0.87 and its 200 day moving average is $1.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Energy Vault Holdings, Inc. has a 1-year low of $0.60 and a 1-year high of $2.70.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.05. Energy Vault had a negative net margin of 288.98% and a negative return on equity of 74.45%. The business had revenue of $8.53 million for the quarter, compared to analyst estimates of $25.04 million. Equities research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Institutional Trading of Energy Vault

A number of large investors have recently made changes to their positions in the stock. DRW Securities LLC raised its holdings 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. Two Sigma Securities LLC grew its stake in Energy Vault by 81.0% in the 4th quarter. Two Sigma Securities LLC now owns 22,303 shares of the company's stock valued at $51,000 after buying an additional 9,982 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Energy Vault during the fourth quarter valued at about $27,000. Shepherd Kaplan Krochuk LLC bought a new stake in Energy Vault in the 4th quarter worth approximately $31,000. Finally, Wells Fargo & Company MN lifted its stake in Energy Vault by 24.9% in the 4th quarter. Wells Fargo & Company MN now owns 72,058 shares of the company's stock worth $164,000 after purchasing an additional 14,367 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Energy Vault from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

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.