Andrea Pedretti, CTO of the company, sold 25,000 shares in a deal that took place on Monday April 17th. The shares were purchased at $1.77 on average, which amounted to $44,250.00. The chief technology officer owns approximately 3,846,592.32 shares of the company after the transaction. The SEC website
Andrea Pedretti made the following recent trades:
Andrea Pedretti, on Monday, April 3, sold 25,000 Energy Vault shares. The shares were purchased at an average of $1.95 for a total of $48,750.00.
Andrea Pedretti, on March 15, sold 25,000 Energy Vault shares. The shares were purchased at a price of $2.16 on average, for a transaction totaling $54,000.00.
Andrea Pedretti, on Wednesday, February 15, sold 25,000 Energy Vault shares. The stock was bought at $3.78 on average, totaling $94,500.00.
Andrea Pedretti, on Wednesday, 1st February, sold 50,000 Energy Vault shares. The stock was bought at $4.39 on average, and sold for $219,500.00.
The price of the company's stock remained unchanged at $1.61 on Wednesday. 751,107 shares were traded, compared with the average of 1,561 507, in Wednesday's trading. Energy Vault Holdings, Inc.'s low for the past twelve months is $1.51, and its high for that same period is $16.40. The stock's 50-day moving average is $2.67, and its 200-day moving average is $3.42.
The company released its last earnings report on March 7th. The company's ($0.17) per-share earnings for the third quarter fell short of analysts' expectations ($0.08) ($0.09). Energy Vault's negative net margin was 53.67%, and its negative return on equity was 19.63%. The company generated revenue of $100.32 millions for the quarter. Analysts on the sell-side predict that Energy Vault Holdings, Inc. is likely to post a -0.63 earnings per share for this fiscal year.
Analysts set new price targets
NRGV was the subject of recent research reports. In a report published on March 8th, TD Cowen reduced their target price for Energy Vault shares from $9.00 down to $6.50. They also set an 'outperform rating' for the company. Guggenheim downgraded Energy Vault shares from a "buy" rating to a "neutral" rating in a report published on Monday, 6th March. Stifel Nicolaus reduced their target price for shares of Energy Vault in a report published on March 15th from $9.00 down to $6.00. Goldman Sachs Group lowered their price target on shares of Energy Vault to $2.00 from $2.50 and assigned a "sell" rating for the company. This was revealed in a report published on Thursday, 30th March. Chardan Capital, in its research report published on March 9th, reduced the price target on Energy Vault shares from $13.00 down to $7.00. The company was given a "buy" rating.
Inflows of Institutional Capital and Outflows
Several institutional investors and hedge fund managers have recently changed their holdings in NRGV. BlackRock Inc. increased its holdings in Energy Vault shares by 74.7% over the third quarter. BlackRock Inc. owns now 3,555,639 of the company stock valued at approximately $18,775,000, after adding 1,520,546 additional shares during the period. Invesco Ltd. purchased a new stake in Energy Vault shares during the first quarter, valued at about $21,416,000. Alps Advisors Inc. purchased a new position of shares in Energy Vault at a value of approximately $1,726,000 during the fourth quarter. State Street Corp purchased a new stake in Energy Vault shares during the second quarter, valued at $5,474,000. Foster Dykema Cabot & Co. Inc. MA bought a new stake of Energy Vault shares during the third quarter, valued at about $2,276,000. Institutional investors own 36.38%.
Energy Vault Company profile
Energy Vault Holdings, Inc. develops and markets energy storage solutions. The company provides gravity-based systems including EVx Platform - a scalable modular product range starting at 40 megawatt hours and going up to multiple gigawatts to address grid resiliency in shorter periods; Energy Vault - a scalable product line of gigawatt-hour scale designed to address grid resiliency to manage energy disruptive events, as well as Energy Vault solutions.
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