Energy Vault (NYSE:NRGV) Director Sells $426,650.00 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Stephanie Unwin sold 115,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $3.71, for a total value of $426,650.00. Following the transaction, the director directly owned 182,245 shares in the company, valued at $676,128.95. The trade was a 38.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Energy Vault Stock Performance

Shares of NRGV traded down $0.16 during trading hours on Friday, hitting $3.59. The stock had a trading volume of 2,967,575 shares, compared to its average volume of 4,580,169. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. Energy Vault Holdings, Inc. has a 12 month low of $1.73 and a 12 month high of $6.64. The firm has a market capitalization of $652.81 million, a PE ratio of -5.44 and a beta of 1.21. The stock has a fifty day moving average price of $3.59 and a 200 day moving average price of $3.87.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The firm had revenue of $17.37 million during the quarter, compared to the consensus estimate of $14.24 million. Analysts anticipate that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Energy Vault

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Forte Asset Management LLC purchased a new position in shares of Energy Vault in the first quarter valued at about $33,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Energy Vault during the third quarter worth about $36,000. XTX Topco Ltd bought a new stake in Energy Vault during the 2nd quarter valued at approximately $39,000. Banco BTG Pactual S.A. bought a new stake in Energy Vault during the 3rd quarter valued at approximately $43,000. Finally, Calamos Advisors LLC purchased a new position in Energy Vault in the 1st quarter worth approximately $48,000. 40.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Roth Capital reaffirmed a “buy” rating and issued a $7.00 target price (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Weiss Ratings cut Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 12th. Fundamental Research set a $8.03 price objective on Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Wall Street Zen cut Energy Vault from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Citigroup boosted their price objective on Energy Vault from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.01.

Energy Vault Company Profile

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.