Prudential Financial Inc. Invests $1.49 Million in Enovix Co. (NASDAQ:ENVX)

1 month ago Defense World

Prudential Financial Inc. acquired a new stake in shares of Enovix Co. (NASDAQ:ENVX – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 81,200 shares of the company’s stock, valued at approximately $1,489,000. Prudential Financial Inc. owned approximately 0.05% of Enovix at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Enovix in the 2nd quarter worth approximately $26,000. Sierra Capital LLC purchased a new position in Enovix during the second quarter worth approximately $47,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Enovix during the second quarter worth $61,000. Emerald Advisers LLC purchased a new stake in Enovix in the 3rd quarter valued at $62,000. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Enovix during the 1st quarter worth $67,000. Institutional investors and hedge funds own 55.62% of the company’s stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on ENVX. B. Riley reduced their price target on Enovix from $19.00 to $18.00 in a report on Wednesday, January 4th. Janney Montgomery Scott began coverage on Enovix in a report on Friday, November 4th. They set a “buy” rating and a $23.00 price target on the stock. Cowen reduced their price target on Enovix from $36.00 to $25.00 in a report on Wednesday, November 2nd. EF Hutton Acquisition Co. I reduced their price target on Enovix from $23.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, January 27th. Finally, Canaccord Genuity Group initiated coverage on Enovix in a report on Wednesday, January 11th. They set a “buy” rating and a $20.00 price target on the stock. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Enovix presently has an average rating of “Buy” and an average price target of $28.54.

Enovix Price Performance

Insider Buying and Selling at Enovix

NASDAQ ENVX opened at $8.61 on Friday. The company has a market cap of $1.35 billion, a P/E ratio of -5.86 and a beta of 1.06. The stock has a 50-day moving average of $9.76 and a two-hundred day moving average of $14.64. Enovix Co. has a 1-year low of $6.50 and a 1-year high of $26.30.

In other Enovix news, CTO Ashok Lahiri sold 2,000 shares of Enovix stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $12.88, for a total value of $25,760.00. Following the completion of the transaction, the chief technology officer now directly owns 1,360,265 shares of the company’s stock, valued at approximately $17,520,213.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 20.60% of the stock is currently owned by corporate insiders.

Enovix Profile

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Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.

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Want to see what other hedge funds are holding ENVX? Visit to get the latest 13F filings and insider trades for Enovix Co. (NASDAQ:ENVX – Get Rating).

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