State Board of Administration of Florida Retirement System Buys Shares of 32,900 Enovix Co. (NASDAQ:ENVX)

State Board of Administration of Florida Retirement System bought a new stake in Enovix Co. (NASDAQ:ENVXGet Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,900 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sierra Capital LLC acquired a new position in shares of Enovix during the second quarter worth approximately $47,000. Ensign Peak Advisors Inc acquired a new position in shares of Enovix during the first quarter worth approximately $67,000. ProShare Advisors LLC acquired a new position in shares of Enovix during the second quarter worth approximately $109,000. National Bank of Canada FI boosted its position in shares of Enovix by 20.8% during the first quarter. National Bank of Canada FI now owns 8,040 shares of the company’s stock worth $114,000 after buying an additional 1,385 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Enovix during the second quarter worth approximately $130,000. 61.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ENVX shares. Northland Securities boosted their price objective on Enovix from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Loop Capital boosted their target price on Enovix from $50.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, August 22nd. Cowen dropped their target price on Enovix from $36.00 to $25.00 in a report on Wednesday, November 2nd. Craig Hallum boosted their target price on Enovix from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, EF Hutton Acquisition Co. I started coverage on Enovix in a report on Friday, October 28th. They set a “buy” rating and a $25.00 target price on the stock. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Enovix has an average rating of “Buy” and a consensus target price of $32.20.

Insiders Place Their Bets

In other Enovix news, insider Gardner Cameron Dales sold 30,000 shares of Enovix stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $18.03, for a total transaction of $540,900.00. Following the transaction, the insider now directly owns 929,565 shares in the company, valued at approximately $16,760,056.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Harrold J. Rust sold 4,500 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $20.46, for a total transaction of $92,070.00. Following the transaction, the chief executive officer now directly owns 1,375,031 shares in the company, valued at approximately $28,133,134.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gardner Cameron Dales sold 30,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $18.03, for a total transaction of $540,900.00. Following the transaction, the insider now owns 929,565 shares in the company, valued at $16,760,056.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,000 shares of company stock worth $1,819,115. Corporate insiders own 20.60% of the company’s stock.

Enovix Stock Performance

NASDAQ ENVX opened at $12.25 on Tuesday. Enovix Co. has a twelve month low of $7.26 and a twelve month high of $39.48. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -8.33 and a beta of 1.81. The firm’s 50 day moving average price is $17.33 and its two-hundred day moving average price is $14.77.

Enovix Company Profile

(Get Rating)

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

Further Reading

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Institutional Ownership by Quarter for Enovix (NASDAQ:ENVX)

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