Energy Vault Holdings, Inc. (NYSE:NRGV – Get Rating) CTO Andrea Pedretti sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $4.39, for a total value of $219,500.00. Following the transaction, the chief technology officer now directly owns 1,302,887 shares in the company, valued at approximately $5,719,673.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Energy Vault Stock Performance

NRGV opened at $4.49 on Monday. The business has a fifty day simple moving average of $3.51 and a 200 day simple moving average of $4.23. Energy Vault Holdings, Inc. has a 1 year low of $2.21 and a 1 year high of $22.10.

Energy Vault (NYSE:NRGV – Get Rating) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The company had revenue of $1.69 million during the quarter, compared to analyst estimates of $10.00 million. As a group, sell-side analysts anticipate that Energy Vault Holdings, Inc. will post -0.23 EPS for the current year.

Wall Street Analyst Weigh In

Institutional Trading of Energy Vault

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Energy Vault by 2,246.9% in the 4th quarter. SG Americas Securities LLC now owns 244,683 shares of the company's stock valued at $763,000 after purchasing an additional 234,257 shares during the period. ProShare Advisors LLC bought a new stake in shares of Energy Vault during the 4th quarter valued at $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Energy Vault by 32.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,882 shares of the company's stock valued at $37,000 after acquiring an additional 2,913 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Energy Vault during the 4th quarter valued at $58,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Energy Vault by 125.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 176,832 shares of the company's stock valued at $933,000 after acquiring an additional 98,245 shares during the period. 36.38% of the stock is currently owned by institutional investors.

About Energy Vault

(Get Rating)

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers gravity-based storage systems, including EVx Platform, a scalable, modular product line starting from 40-megawatt hour to multi-gigawatt hours to address grid resiliency needs in shorter durations; Energy Vault Resiliency Center, a scalable, gigawatt hour scale product line designed to address grid resiliency needs to manage energy disruptive climate events; and Energy Vault solutions.

See Also

• Get a free copy of the StockNews.com research report on Energy Vault (NRGV)
• Is C3.ai Artificial Intelligence Product Suite a Gamechanger?
• MarketBeat Week in Review – 1/30 – 2/3
• Are Penny Stocks Worth it? Should You Invest in Penny Stocks?
• Zimmer Biomet Beats on Earnings, Growth May be Priced In
• AI Software Maker EPAM Boasts Biggest Tech-Sector Rally

Receive News & Ratings for Energy Vault Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Vault and related companies with MarketBeat.com's FREE daily email newsletter.