Energy Vault Holdings, Inc. (NYSE:NRGV) Insider Goncagul Icoren Sells 7,500 Shares

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Goncagul Icoren sold 7,500 shares of Energy Vault stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $3.09, for a total transaction of $23,175.00. Following the sale, the insider now directly owns 661,199 shares in the company, valued at approximately $2,043,104.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Goncagul Icoren also recently made the following trade(s):

• On Wednesday, August 30th, Goncagul Icoren sold 7,500 shares of Energy Vault stock. The stock was sold at an average price of $3.24, for a total transaction of $24,300.00.
• On Wednesday, August 16th, Goncagul Icoren sold 7,500 shares of Energy Vault stock. The stock was sold at an average price of $3.14, for a total value of $23,550.00.
• On Wednesday, July 19th, Goncagul Icoren sold 7,500 shares of Energy Vault stock. The stock was sold at an average price of $3.15, for a total value of $23,625.00.
• On Wednesday, July 5th, Goncagul Icoren sold 7,500 shares of Energy Vault stock. The stock was sold at an average price of $2.53, for a total value of $18,975.00.
• On Wednesday, June 21st, Goncagul Icoren sold 7,500 shares of Energy Vault stock. The stock was sold at an average price of $2.54, for a total value of $19,050.00.

Energy Vault Stock Performance

Shares of NRGV opened at $2.96 on Friday. Energy Vault Holdings, Inc. has a 12-month low of $1.35 and a 12-month high of $6.72. The company’s 50-day moving average price is $3.09 and its 200 day moving average price is $2.53.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.02). The company had revenue of $39.68 million during the quarter, compared to analysts’ expectations of $53.20 million. Energy Vault had a negative net margin of 71.43% and a negative return on equity of 39.77%. On average, analysts forecast that Energy Vault Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Chardan Capital reiterated a “buy” rating and set a $7.00 price target on shares of Energy Vault in a report on Wednesday, August 9th.

Institutional Trading of Energy Vault

Several institutional investors and hedge funds have recently bought and sold shares of NRGV. Green Alpha Advisors LLC increased its stake in Energy Vault by 107.2% during the first quarter. Green Alpha Advisors LLC now owns 69,537 shares of the company’s stock worth $149,000 after purchasing an additional 35,975 shares during the period. Oxford Financial Group Ltd. increased its stake in Energy Vault by 181.7% during the first quarter. Oxford Financial Group Ltd. now owns 50,700 shares of the company’s stock worth $108,000 after purchasing an additional 32,700 shares during the period. Confluence Wealth Services Inc. purchased a new stake in Energy Vault during the first quarter worth about $29,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Energy Vault by 352.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 293,401 shares of the company’s stock worth $628,000 after purchasing an additional 228,596 shares during the period. Finally, New York Life Investment Management LLC purchased a new stake in Energy Vault during the first quarter worth about $481,000. 33.65% of the stock is currently owned by hedge funds and other institutional investors.

Energy Vault Company Profile

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers battery energy storage systems for shorter-duration energy storage needs; gravity energy storage systems, including EVx solution; green hydrogen energy storage systems; hybrid energy storage systems; and energy management software platform that orchestrates the management of one or more diverse storage mediums.