Insider Selling: Energy Vault (NYSE:NRGV) Insider Sells 75,000 Shares of Stock

Key Points

• Energy Vault insider Akshay Ladwa sold 75,000 shares at an average price of $3.11, totaling $233,250, reducing his ownership by 3.73% to approximately $6 million in value.
• The company's stock recently traded down to $3.02 with a 1-year high of $3.55 and a low of $0.60, highlighting significant volatility.
• Energy Vault reported a loss of $0.22 per share for the last quarter, significantly missing analyst estimates, alongside revenue of $8.51 million, far below the expected $31.18 million.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) insider Akshay Ladwa sold 75,000 shares of Energy Vault stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $3.11, for a total value of $233,250.00. Following the completion of the transaction, the insider owned 1,934,582 shares in the company, valued at approximately $6,016,550.02. This represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 23rd, Akshay Ladwa sold 75,000 shares of Energy Vault stock. The stock was sold at an average price of $3.23, for a total value of $242,250.00.
• 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 value of $12,187.26.

Energy Vault Stock Performance

NRGV stock traded down $0.17 during midday trading on Friday, hitting $3.02. The company's stock had a trading volume of 4,417,491 shares, compared to its average volume of 1,835,656. Energy Vault Holdings, Inc. has a 1 year low of $0.60 and a 1 year high of $3.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. The stock's 50-day moving average price is $1.76 and its 200 day moving average price is $1.15. The stock has a market cap of $489.27 million, a price-to-earnings ratio of -3.12 and a beta of 0.83.

Energy Vault (NYSE:NRGV - Get Free Report) last announced its earnings results 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). The business had revenue of $8.51 million during the quarter, compared to the consensus estimate of $31.18 million. Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%. Energy Vault has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Hedge Funds Weigh In On Energy Vault

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of Energy Vault during the fourth quarter valued at approximately $44,000. Squarepoint Ops LLC purchased a new position in Energy Vault in the 4th quarter worth $50,000. Ground Swell Capital LLC purchased a new position in shares of Energy Vault during the 2nd quarter valued at about $26,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Energy Vault during the 2nd quarter valued at about $36,000. Finally, XTX Topco Ltd acquired a new stake in Energy Vault in the 2nd quarter worth about $39,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

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.

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