Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) insider Goncagul Icoren sold 7,500 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $3.14, for a total value of $23,550.00. Following the completion of the sale, the insider now owns 695,416 shares in the company, valued at approximately $2,183,606.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Goncagul Icoren also recently made the following trade(s):
On Wednesday, July 19th, Goncagul Icoren sold 7,500 shares of Energy Vault stock. The shares were sold at an average price of $3.15, for a total transaction of $23,625.00.
On Wednesday, July 5th, Goncagul Icoren sold 7,500 shares of Energy Vault stock. The shares were sold at an average price of $2.53, for a total transaction 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
Energy Vault stock traded up $0.26 during mid-day trading on Friday, reaching $3.14. 997,280 shares of the company were exchanged, compared to its average volume of 1,345,909. The firm has a market cap of $445.60 million, a P/E ratio of -3.90 and a beta of 0.22. The business has a fifty day moving average of $2.91 and a 200 day moving average of $2.66. Energy Vault Holdings, Inc. has a 12-month low of $1.35 and a 12-month high of $6.72.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. purchased a new position in Energy Vault in the second quarter worth $28,000. Confluence Wealth Services Inc. purchased a new position in Energy Vault in the first quarter worth $29,000. Cerity Partners LLC purchased a new position in Energy Vault in the first quarter worth $29,000. Royal Bank of Canada raised its stake in Energy Vault by 144.8% in the second quarter. Royal Bank of Canada now owns 11,229 shares of the company’s stock valued at $31,000 after buying an additional 6,642 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in Energy Vault in the fourth quarter valued at about $31,000. 43.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Chardan Capital restated a “buy” rating and set a $7.00 price objective on shares of Energy Vault in a report on Wednesday, August 9th.
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.