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Energy Vault COO Ladwa Akshay sells 75,000 shares at $3.24 on 2023-09-23.
ByAinvest
Thursday, Sep 25, 2025 4:11 pm ET1min read
Energy Vault Holdings, Inc., ticker symbol NRGV, has disclosed that Ladwa Akshay, Chief Operations Officer, has executed a sale of 75,000 shares at a price per share of $3.24 on September 23, 2025.
Energy Vault Holdings, Inc. (NYSE: NRGV) saw significant insider activity recently, with CEO Robert Piconi purchasing additional shares. On September 19, 2025, Piconi bought 17,500 shares at an average price of $3.02 per share, increasing his total holdings to over 20 million shares worth approximately $61 million [1].This acquisition comes amid mixed financial results for Energy Vault. The company reported a loss of ($0.22) EPS for the last quarter, missing analysts' expectations and highlighting ongoing financial challenges [1]. Despite this, Energy Vault has seen substantial institutional investment, with Jane Street Group increasing its stake by 579.7% [1].
Additionally, on September 23, 2025, Chief Operations Officer Ladwa Akshay sold 75,000 shares at a price per share of $3.24 [2]. This sale follows a series of recent insider purchases, including those made by Piconi in September 2025 and August 2025, and a sale by Piconi in July 2025 [1].
The company's stock has shown volatility, trading down 1.4% on Monday, September 22, 2025, reaching $3.07, with a market capitalization of $496.07 million [1]. Energy Vault has a debt-to-equity ratio of 0.11 and a quick ratio of 0.66, indicating a relatively stable financial position [1].
Investors should closely monitor Energy Vault's financial performance and insider trading activities for further insights into the company's future prospects.
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