Energy Vault (NYSE:NRGV) Major Shareholder Sells $16,950,000.00 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the sale, the insider directly owned 15,535,631 shares in the company, valued at $87,776,315.15. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Energy Vault Stock Performance

Shares of NRGV traded down $0.02 during midday trading on Tuesday, hitting $5.71. 4,449,064 shares of the stock traded hands, compared to its average volume of 2,492,414. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63. Energy Vault Holdings, Inc. has a 1-year low of $0.60 and a 1-year high of $6.35. The business’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $3.05. The firm has a market capitalization of $957.24 million, a PE ratio of -6.01 and a beta of 0.91.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.06). The company had revenue of $33.32 million during the quarter, compared to analyst estimates of $48.99 million. Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%. Equities research analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NRGV. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Zacks Research upgraded Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Fundamental Research set a $5.19 price objective on shares of Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, The Goldman Sachs Group increased their price objective on Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Energy Vault has an average rating of “Hold” and a consensus price target of $2.67.

Hedge Funds Weigh In On Energy Vault

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in Energy Vault by 381.1% during 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Energy Vault by 201.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after buying an additional 118,641 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Energy Vault by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after purchasing an additional 16,101 shares in the last quarter. Jane Street Group LLC grew its stake in Energy Vault by 613.7% in the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after buying an additional 119,636 shares in the last quarter. Finally, Private Capital Advisors Inc. increased its stake in Energy Vault by 41.0% in the second quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock valued at $493,000 after acquiring an additional 200,000 shares during the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

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.