Energy Vault Holdings, Inc. (NYSE:NRGV – Get Free Report) insider Akshay Ladwa sold 20,864 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $2.19, for a total transaction of $45,692.16. Following the transaction, the insider now owns 1,038,190 shares in the company, valued at $2,273,636.10. The sale was disclosed in a filing with the SEC, which is available through this link.

Energy Vault Stock Performance

Energy Vault stock traded up $0.30 during midday trading on Wednesday, hitting $2.21. 1,065,704 shares of the company’s stock were exchanged, compared to its average volume of 1,163,845. Energy Vault Holdings, Inc. has a 12 month low of $1.35 and a 12 month high of $5.51. The firm has a 50-day moving average of $2.30 and a two-hundred day moving average of $2.66. The company has a market cap of $316.53 million, a PE ratio of -2.97 and a beta of 0.54.

Energy Vault (NYSE:NRGV – Get Free Report) last issued its earnings results on Tuesday, November 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). Energy Vault had a negative net margin of 30.76% and a negative return on equity of 38.36%. The company had revenue of $172.21 million for the quarter, compared to analysts’ expectations of $102.80 million. As a group, equities analysts expect that Energy Vault Holdings, Inc. will post -0.62 earnings per share for the current year.

Institutional Trading of Energy Vault

A number of institutional investors have recently modified their holdings of NRGV. BlackRock Inc. boosted its holdings in shares of Energy Vault by 74.7% in the 3rd quarter. BlackRock Inc. now owns 3,555,639 shares of the company’s stock valued at $18,775,000 after buying an additional 1,520,546 shares in the last quarter. Invesco Ltd. acquired a new stake in Energy Vault in the 1st quarter worth approximately $21,416,000. State Street Corp boosted its stake in Energy Vault by 78.8% in the 2nd quarter. State Street Corp now owns 2,620,200 shares of the company’s stock worth $7,153,000 after purchasing an additional 1,154,404 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Energy Vault in the 4th quarter worth approximately $1,726,000. Finally, AQR Capital Management LLC acquired a new stake in Energy Vault in the 1st quarter worth approximately $826,000. 33.65% of the stock is currently owned by institutional investors.

About Energy Vault (Get Free Report)

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.

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Original: MarketBeat News Feed: Energy Vault Holdings, Inc. (NYSE:NRGV) Insider Sells $45,692.16 in Stock