Enovix COO Marathe sells $241,982 in shares

Enovix Corp (NASDAQ:ENVX), a $2.48 billion market cap company that has seen its stock surge nearly 89% over the past six months, reported that Chief Operating Officer Ajay Marathe sold 18,614 shares of common stock at a price of $13.0 on October 8, 2025, for a total value of $241,982.

On the same day, Marathe also disposed of 5,961 shares of common stock at $12.66, to cover tax obligations related to vesting restricted stock units, for a total value of $75,466. According to InvestingPro data, the stock is trading near its Fair Value, with 4 analysts recently revising their earnings expectations upward.

Following these transactions, Marathe directly owns 1,002,684 shares of Enovix Corp, including shares issuable upon the vesting and settlement of restricted stock units.

The sale was executed under a Rule 10b5-1 trading plan adopted on May 9, 2025.

In other recent news, Enovix Corporation reported its financial results for the second quarter of 2025, surpassing revenue expectations with $7.5 million, compared to the forecasted $5.57 million. The company also reported a narrower-than-expected loss per share of $0.13, better than the anticipated $0.19. Following these earnings results, Canaccord Genuity raised its price target for Enovix to $22.00 from $20.00, maintaining a Buy rating. This adjustment came after Enovix’s earnings call and a capital raise plan through a warrant dividend. Additionally, Enovix has established an 18,000-square-foot research and development center in Hyderabad, India, to accelerate the development of its second-generation battery platform. The facility employs around 40 full-time staff, primarily engineers and scientists. These developments highlight Enovix’s ongoing efforts to advance its battery technology and strengthen its market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.