Energy Vault (NYSE:NRGV) CEO Purchases $24,375.00 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) CEO Robert Piconi bought 7,500 shares of the stock in a transaction dated Thursday, February 26th. The shares were purchased at an average price of $3.25 per share, with a total value of $24,375.00. Following the completion of the transaction, the chief executive officer directly owned 20,090,637 shares in the company, valued at approximately $65,294,570.25. The trade was a 0.04% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Energy Vault Trading Down 11.9%

NRGV stock opened at $3.00 on Friday. The firm has a fifty day moving average price of $4.60 and a 200 day moving average price of $3.63. Energy Vault Holdings, Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $6.35. The firm has a market cap of $502.53 million, a PE ratio of -3.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NRGV. Catalyst Funds Management Pty Ltd bought a new stake in shares of Energy Vault during the 2nd quarter worth approximately $36,000. Mercer Global Advisors Inc. ADV purchased a new stake in Energy Vault in the third quarter worth $36,000. XTX Topco Ltd bought a new stake in shares of Energy Vault during the second quarter worth $39,000. Platform Technology Partners bought a new stake in shares of Energy Vault during the third quarter worth $40,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Energy Vault in the third quarter worth about $43,000. Institutional investors own 40.03% of the company’s stock.

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.