Wealthsource Partners LLC acquired a new stake in Enovix Co. (NASDAQ:ENVX – Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,333 shares of the company’s stock, valued at approximately $428,000.
Other hedge funds have also added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new position in shares of Enovix during the third quarter valued at $26,000. Quantbot Technologies LP acquired a new position in shares of Enovix in the second quarter worth approximately $26,000. HBK Sorce Advisory LLC bought a new stake in Enovix in the third quarter valued at approximately $48,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Enovix during the 2nd quarter valued at approximately $61,000. Finally, Emerald Advisers LLC bought a new position in Enovix during the 3rd quarter worth approximately $62,000. 55.62% of the stock is currently owned by institutional investors and hedge funds.
Enovix Stock Up 1.1 %
Shares of NASDAQ:ENVX opened at $10.99 on Wednesday. Enovix Co. has a twelve month low of $6.50 and a twelve month high of $26.30. The stock’s 50 day moving average is $8.67 and its 200-day moving average is $13.33. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -9.64 and a beta of 0.99.
Analysts Set New Price Targets
Insider Activity at Enovix
In other Enovix news, Director Thurman J. Rodgers acquired 65,134 shares of the stock in a transaction on Friday, March 10th. The shares were purchased at an average price of $9.56 per share, for a total transaction of $622,681.04. Following the completion of the acquisition, the director now owns 465,134 shares in the company, valued at approximately $4,446,681.04. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CTO Ashok Lahiri sold 2,000 shares of Enovix stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $12.81, for a total transaction of $25,620.00. Following the transaction, the chief technology officer now owns 1,358,265 shares of the company’s stock, valued at $17,399,374.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thurman J. Rodgers purchased 65,134 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average cost of $9.56 per share, with a total value of $622,681.04. Following the completion of the transaction, the director now directly owns 465,134 shares in the company, valued at approximately $4,446,681.04. The disclosure for this purchase can be found here. 20.60% of the stock is currently owned by insiders.
Enovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.
- Get a free copy of the StockNews.com research report on Enovix (ENVX)
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