Dylan Hixon Buys 85,518 Shares of Energy Vault (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) Director Dylan Hixon purchased 85,518 shares of the business’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the purchase, the director directly owned 31,864 shares of the company’s stock, valued at approximately $119,171.36. This trade represents a -159.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dylan Hixon also recently made the following trade(s):

• On Monday, August 17th, Dylan Hixon purchased 27,472 shares of Energy Vault stock. The shares were acquired at an average cost of $3.88 per share, for a total transaction of $106,591.36.

Energy Vault Trading Down 4.1%

NYSE NRGV opened at $3.67 on Wednesday. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $653.29 million, a price-to-earnings ratio of -5.55 and a beta of 1.21. The firm has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $3.92. Energy Vault Holdings, Inc. has a one year low of $1.40 and a one year high of $6.64.

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

Institutional Investors Weigh In On Energy Vault

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in Energy Vault by 381.1% in the first quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock valued at $73,000 after purchasing an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Energy Vault by 201.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock worth $125,000 after buying an additional 118,641 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Energy Vault by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock valued at $277,000 after buying an additional 16,101 shares in the last quarter. Jane Street Group LLC grew its position in shares of Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock valued at $97,000 after buying an additional 119,636 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Energy Vault in the 2nd quarter valued at $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NRGV shares. Roth Capital reiterated 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. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 price target on shares of Energy Vault in a report on Wednesday, August 12th. Wall Street Zen lowered Energy Vault from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings cut Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. Finally, Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Energy Vault has an average rating of “Hold” and an average price target of $5.81.

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.