Insider Buying: Energy Vault (NYSE:NRGV) Insider Buys $12,320.00 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Akshay Ladwa acquired 4,000 shares of Energy Vault stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $3.08 per share, for a total transaction of $12,320.00. Following the completion of the purchase, the insider owned 1,824,384 shares in the company, valued at approximately $5,619,102.72. The trade was a 0.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Energy Vault Price Performance

Shares of NYSE NRGV opened at $3.05 on Friday. Energy Vault Holdings, Inc. has a twelve month low of $0.60 and a twelve month high of $6.35. The firm has a fifty day simple moving average of $4.43 and a 200 day simple moving average of $3.68. The company has a market capitalization of $511.76 million, a PE ratio of -3.21 and a beta of 0.98. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39.

Institutional Trading of Energy Vault

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Catalyst Funds Management Pty Ltd bought a new position in Energy Vault in the second quarter worth approximately $36,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Energy Vault during the third quarter valued at approximately $36,000. XTX Topco Ltd acquired a new position in shares of Energy Vault during the second quarter worth approximately $39,000. Platform Technology Partners acquired a new position in shares of Energy Vault during the third quarter worth approximately $40,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Energy Vault in the 3rd quarter worth $43,000. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Zacks Research downgraded Energy Vault from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. The Goldman Sachs Group boosted their price target on Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research note on Wednesday, November 12th. Finally, Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.67.

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.