Energy Vault (NYSE:NRGV) Insider Akshay Ladwa Buys 4,000 Shares

Energy Vault Holdings, Inc. (NYSE:NRGV) insider Akshay Ladwa purchased 4,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were bought at an average price of $3.08 per share, for a total transaction of $12,320.00. Following the acquisition, the insider owned 1,824,384 shares in the company, valued at $5,619,102.72. This trade represents a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Energy Vault Stock Up 7.5%

Shares of NRGV stock traded up $0.24 during trading hours on Wednesday, reaching $3.43. 2,437,174 shares of the stock were exchanged, compared to its average volume of 3,514,189. The business’s fifty day moving average is $4.53 and its two-hundred day moving average is $3.67. The firm has a market capitalization of $575.52 million, a P/E ratio of -3.61 and a beta of 0.98. Energy Vault Holdings, Inc. has a 12-month low of $0.60 and a 12-month high of $6.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning grew its holdings in shares of Energy Vault by 3.7% during the third quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after buying an additional 3,690 shares during the last quarter. Osaic Holdings Inc. lifted its position in Energy Vault by 12.4% during the 4th quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after acquiring an additional 4,897 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Energy Vault by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock valued at $3,083,000 after purchasing an additional 7,742 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Energy Vault by 70.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock valued at $96,000 after purchasing an additional 8,570 shares during the period. Finally, Kovack Advisors Inc. purchased a new stake in shares of Energy Vault during the fourth quarter worth approximately $49,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Energy Vault

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.