Sapient Capital LLC Raises Holdings in Energy Vault Holdings, Inc. (NYSE:NRGV)

Sapient Capital LLC boosted its stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 14.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,939 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Sapient Capital LLC owned approximately 0.17% of Energy Vault worth $437,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Energy Vault during the 3rd quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of Energy Vault during the 4th quarter worth about $270,000. Bleakley Financial Group LLC acquired a new position in shares of Energy Vault during the 4th quarter worth about $33,000. Simplicity Solutions LLC acquired a new position in shares of Energy Vault during the 4th quarter worth about $33,000. Finally, Alpine Global Management LLC acquired a new position in shares of Energy Vault during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Energy Vault from $1.70 to $1.50 and set a “sell” rating for the company in a research report on Friday, March 22nd. Roth Mkm started coverage on Energy Vault in a research report on Tuesday, January 16th. They issued a “buy” rating and a $4.00 target price for the company. TD Cowen decreased their target price on Energy Vault from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th. Roth Capital reissued a “buy” rating on shares of Energy Vault in a research report on Tuesday, January 16th. Finally, Chardan Capital reissued a “sell” rating and issued a $0.75 target price (down from $7.00) on shares of Energy Vault in a research report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, Energy Vault currently has an average rating of “Hold” and an average price target of $2.85.

Insiders Place Their Bets

In other news, CMO Laurence Alexander sold 20,385 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $1.64, for a total transaction of $33,431.40. Following the completion of the transaction, the chief marketing officer now directly owns 897,123 shares of the company’s stock, valued at approximately $1,471,281.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders sold 77,966 shares of company stock valued at $124,984. 19.80% of the stock is owned by company insiders.

Energy Vault Stock Performance

Energy Vault stock traded down $0.03 during mid-day trading on Tuesday, reaching $1.27. 462,415 shares of the company were exchanged, compared to its average volume of 877,427. Energy Vault Holdings, Inc. has a twelve month low of $1.05 and a twelve month high of $3.55. The firm’s 50-day simple moving average is $1.58 and its two-hundred day simple moving average is $1.92. The firm has a market cap of $186.79 million, a PE ratio of -1.87 and a beta of 0.58.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Energy Vault had a negative return on equity of 40.42% and a negative net margin of 28.82%. The company had revenue of $118.24 million for the quarter, compared to analyst estimates of $122.05 million. As a group, equities research analysts anticipate that Energy Vault Holdings, Inc. will post -0.34 EPS for the current year.

Energy Vault Profile

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.