Shepherd Kaplan Krochuk LLC Purchases Shares of 13,483 Energy Vault Holdings, Inc. (NYSE:NRGV)

Shepherd Kaplan Krochuk LLC purchased a new stake in Energy Vault Holdings, Inc. (NYSE:NRGV) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 13,483 shares of the company’s stock, valued at approximately $31,000.

Several other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Energy Vault by 15,519.9% during the 4th quarter. Invesco Ltd. now owns 2,675,226 shares of the company’s stock valued at $6,100,000 after buying an additional 2,658,099 shares during the period. Geode Capital Management LLC boosted its position in Energy Vault by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,322,871 shares of the company’s stock valued at $5,297,000 after buying an additional 49,829 shares during the last quarter. Millennium Management LLC boosted its position in Energy Vault by 122.5% in the 4th quarter. Millennium Management LLC now owns 1,442,399 shares of the company’s stock valued at $3,289,000 after buying an additional 794,253 shares during the last quarter. CastleKnight Management LP acquired a new stake in shares of Energy Vault in the 4th quarter valued at about $2,752,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Energy Vault by 44.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 889,493 shares of the company’s stock valued at $2,028,000 after purchasing an additional 272,465 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NRGV shares. Roth Mkm cut their target price on shares of Energy Vault from $2.50 to $1.50 and set a “buy” rating on the stock in a research note on Thursday, March 20th. The Goldman Sachs Group decreased their price objective on shares of Energy Vault from $1.00 to $0.75 and set a “sell” rating for the company in a report on Wednesday, March 19th. Finally, TD Cowen reduced their target price on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a report on Tuesday, March 18th.

Insider Buying and Selling at Energy Vault

In related news, insider Akshay Ladwa sold 57,033 shares of Energy Vault stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $0.71, for a total value of $40,493.43. Following the transaction, the insider now owns 2,213,618 shares in the company, valued at $1,571,668.78. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 142,661 shares of company stock valued at $101,289 in the last quarter. Company insiders own 15.40% of the company’s stock.

Energy Vault Stock Performance

Shares of NYSE:NRGV opened at $0.90 on Friday. The company has a market cap of $138.82 million, a PE ratio of -1.38 and a beta of 0.72. Energy Vault Holdings, Inc. has a 52 week low of $0.60 and a 52 week high of $2.70. The firm has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $1.45.

Energy Vault (NYSE:NRGV) last issued its earnings results on Monday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. The company had revenue of $8.53 million during the quarter, compared to analyst estimates of $25.04 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. On average, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share 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.