Key Points
- CEO Gregory Poilasne sold 126,000 Nuvve shares on Dec. 1 at an average price of $0.18 (worth $22,680), reducing his stake by 8.65% to 1,330,475 shares after earlier sales of 100,000 shares on Nov. 26 and 100,000 on Nov. 28.
- NVVE shares are under pressure, opening at $0.18 and down 22.8%; the company has a market cap of about $6.13 million and last reported a loss of $0.24 per share on $1.6 million of revenue for the quarter.
- Analyst and institutional sentiment is weak — MarketBeat shows an average rating of “Sell,” and institutional investors own roughly 19.0% of the stock with several hedge funds taking small new positions.
Nuvve Holding Corp. (NASDAQ:NVVE - Get Free Report) CEO Gregory Poilasne sold 126,000 shares of Nuvve stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $0.18, for a total value of $22,680.00. Following the sale, the chief executive officer directly owned 1,330,475 shares of the company's stock, valued at $239,485.50. This trade represents a 8.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Gregory Poilasne also recently made the following trade(s):
- On Wednesday, November 26th, Gregory Poilasne sold 100,000 shares of Nuvve stock. The stock was sold at an average price of $0.27, for a total value of $27,000.00.
- On Friday, November 28th, Gregory Poilasne sold 100,000 shares of Nuvve stock. The shares were sold at an average price of $0.24, for a total value of $24,000.00.
Nuvve Stock Down 22.8%
Shares of Nuvve stock opened at $0.18 on Tuesday. The firm has a market capitalization of $6.13 million, a P/E ratio of -0.02 and a beta of 1.75. Nuvve Holding Corp. has a 52 week low of $0.15 and a 52 week high of $5.02. The firm's 50 day moving average is $0.23 and its two-hundred day moving average is $0.58.
Nuvve (NASDAQ:NVVE - Get Free Report) last posted its earnings results on Thursday, November 13th. The company reported ($0.24) EPS for the quarter. The company had revenue of $1.60 million for the quarter.
Wall Street Analysts Forecast Growth
NVVE has been the topic of several research reports. Wall Street Zen lowered Nuvve from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Weiss Ratings restated a "sell (e+)" rating on shares of Nuvve in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nuvve currently has an average rating of "Sell".
View Our Latest Report on NVVE
Institutional Investors Weigh In On Nuvve
Several hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of Nuvve during the third quarter worth about $29,000. PFG Investments LLC acquired a new stake in Nuvve during the 3rd quarter worth approximately $41,000. Finally, Heritage Investors Management Corp purchased a new position in shares of Nuvve in the 2nd quarter valued at approximately $95,000. Institutional investors and hedge funds own 19.01% of the company's stock.
Nuvve Company Profile
(
Get Free Report)
Nuvve Holding Corp., a green energy technology company, provides commercial vehicle-to-grid (V2G) technology platform in the United States, the United Kingdom, France, and Denmark. The company offers Grid Integrated Vehicle platform, which enables electric vehicle (EV) batteries to store and resell unused energy back to the local electric grid and provide other grid services, as well as allows EV owners to meet the energy demands of individual vehicles and entire fleets.
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