Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CEO Robert Piconi acquired 150,000 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of $1.57 per share, with a total value of $235,500.00. Following the acquisition, the chief executive officer now owns 17,623,361 shares of the company's stock, valued at $27,668,676.77. This represents a 0.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Energy Vault Price Performance
Shares of Energy Vault stock opened at $1.79 on Tuesday. The stock has a market cap of $272.29 million, a price-to-earnings ratio of -2.75 and a beta of 0.45. Energy Vault Holdings, Inc. has a 1 year low of $0.78 and a 1 year high of $2.68. The firm's 50-day moving average is $1.42 and its 200 day moving average is $1.19.
Energy Vault (NYSE:NRGV - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The firm had revenue of $1.20 million during the quarter, compared to the consensus estimate of $4.80 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. During the same quarter in the prior year, the company posted ($0.13) EPS. On average, equities analysts expect that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.
Analyst Ratings Changes
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Several brokerages recently issued reports on NRGV. Roth Mkm decreased their price target on shares of Energy Vault from $2.50 to $2.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. TD Cowen reaffirmed a "buy" rating and set a $2.50 target price on shares of Energy Vault in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $1.95.
Check Out Our Latest Stock Analysis on Energy Vault
Institutional Trading of Energy Vault
Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in shares of Energy Vault by 8.5% during the third quarter. Geode Capital Management LLC now owns 2,273,042 shares of the company's stock valued at $2,182,000 after purchasing an additional 177,214 shares in the last quarter. XTX Topco Ltd lifted its stake in Energy Vault by 684.0% during the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company's stock valued at $164,000 after acquiring an additional 150,948 shares during the period. Barclays PLC boosted its holdings in shares of Energy Vault by 225.2% during the 3rd quarter. Barclays PLC now owns 143,759 shares of the company's stock valued at $137,000 after acquiring an additional 99,550 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Energy Vault by 21.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company's stock valued at $325,000 after acquiring an additional 61,135 shares during the last quarter. Finally, Green Alpha Advisors LLC grew its stake in shares of Energy Vault by 62.3% in the third quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company's stock worth $152,000 after acquiring an additional 60,725 shares during the period. Institutional investors own 40.03% of the company's stock.
About Energy Vault
(
Get Free Report)
Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.
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