Nuvve (NASDAQ:NVVE) CEO Sells $24,000.00 in Stock

Nuvve Holding Corp. (NASDAQ:NVVE) CEO Gregory Poilasne sold 100,000 shares of Nuvve stock in a transaction on Friday, November 28th. The stock was sold at an average price of $0.24, for a total transaction of $24,000.00. Following the sale, the chief executive officer owned 1,456,475 shares in the company, valued at $349,554. This represents a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gregory Poilasne also recently made the following trade(s):

• On Monday, December 1st, Gregory Poilasne sold 126,000 shares of Nuvve stock. The shares were sold at an average price of $0.18, for a total transaction of $22,680.00.

Nuvve Stock Performance

Shares of NVVE stock traded down $0.05 during mid-day trading on Monday, hitting $0.18. 15,869,702 shares of the stock were exchanged, compared to its average volume of 58,413,080. The stock’s fifty day simple moving average is $0.23 and its two-hundred day simple moving average is $0.58. Nuvve Holding Corp. has a 12-month low of $0.15 and a 12-month high of $5.02. The stock has a market capitalization of $6.13 million, a price-to-earnings ratio of -0.02 and a beta of 1.75.

Nuvve (NASDAQ:NVVE) last announced its earnings results on Thursday, November 13th. The company reported ($0.24) earnings per share (EPS) for the quarter. The company had revenue of $1.60 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NVVE shares. Weiss Ratings restated a “sell (e+)” rating on shares of Nuvve in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Nuvve from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nuvve currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of NVVE. Citadel Advisors LLC purchased a new stake in shares of Nuvve during the third quarter worth approximately $29,000. PFG Investments LLC purchased a new position in Nuvve in the 3rd quarter valued at $41,000. Finally, Heritage Investors Management Corp acquired a new position in Nuvve in the 2nd quarter valued at $95,000. Institutional investors and hedge funds own 19.01% of the company’s stock.

About Nuvve

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.