XTX Topco Ltd Invests $95,000 in FREYR Battery, Inc. (NYSE:FREY)

XTX Topco Ltd acquired a new stake in shares of FREYR Battery, Inc. (NYSE:FREY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 97,869 shares of the company’s stock, valued at approximately $95,000.

Other large investors also recently bought and sold shares of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in FREYR Battery during the 2nd quarter valued at $676,000. Bank of New York Mellon Corp purchased a new stake in FREYR Battery during the second quarter valued at $571,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in FREYR Battery by 45.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company’s stock valued at $996,000 after acquiring an additional 320,217 shares during the period. State Street Corp boosted its position in FREYR Battery by 24.4% in the third quarter. State Street Corp now owns 1,567,499 shares of the company’s stock worth $1,521,000 after purchasing an additional 307,426 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of FREYR Battery during the 3rd quarter valued at about $156,000. 52.31% of the stock is currently owned by institutional investors.

FREYR Battery Price Performance

Shares of FREY stock opened at $2.16 on Friday. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $2.85. The firm has a fifty day moving average price of $1.68 and a 200-day moving average price of $1.51. The company has a market cap of $303.46 million, a price-to-earnings ratio of -2.84 and a beta of 1.03.

FREYR Battery (NYSE:FREY) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same quarter last year, the company earned ($0.07) earnings per share.

Insider Buying and Selling

In other FREYR Battery news, Director Tore Ivar Slettemoen sold 391,071 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $1.88, for a total value of $735,213.48. Following the completion of the sale, the director now owns 5,080,446 shares in the company, valued at approximately $9,551,238.48. This represents a 7.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Joseph Evan Calio acquired 125,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $1.74 per share, for a total transaction of $217,500.00. Following the completion of the transaction, the chief financial officer now directly owns 255,600 shares of the company’s stock, valued at approximately $444,744. This represents a 95.71 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 804,292 shares of company stock valued at $1,439,009. 20.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, BTIG Research raised shares of FREYR Battery from a “neutral” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Friday.

About FREYR Battery

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.