Energy Vault Holdings, Inc. $NRGV Shares Bought by Private Capital Advisors Inc.

Private Capital Advisors Inc. grew its holdings in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 41.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 687,260 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. Private Capital Advisors Inc. owned approximately 0.44% of Energy Vault worth $493,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NRGV. Nuveen LLC acquired a new stake in Energy Vault during the 1st quarter worth $190,000. AQR Capital Management LLC boosted its stake in Energy Vault by 381.1% during the 1st quarter. AQR Capital Management LLC now owns 105,296 shares of the company’s stock worth $73,000 after purchasing an additional 83,410 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Energy Vault by 201.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock worth $125,000 after purchasing an additional 118,641 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Energy Vault by 4.2% during the 1st 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 during the last quarter. Finally, Jane Street Group LLC boosted its stake in Energy Vault by 613.7% during the 1st quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after purchasing an additional 119,636 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Trading Down 6.3%

Shares of NRGV stock opened at $3.65 on Wednesday. The company’s 50-day moving average price is $2.60 and its 200-day moving average price is $1.48. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.11. The stock has a market cap of $589.94 million, a price-to-earnings ratio of -3.76 and a beta of 0.93. Energy Vault Holdings, Inc. has a twelve month low of $0.60 and a twelve month high of $4.56.

Energy Vault (NYSE:NRGV) last announced its earnings results on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.15). The company had revenue of $8.51 million for the quarter, compared to analysts’ expectations of $31.18 million. Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%. Energy Vault has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NRGV shares. Zacks Research cut shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Energy Vault from $0.50 to $1.50 and gave the company a “sell” rating in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to MarketBeat.com, Energy Vault presently has an average rating of “Reduce” and an average target price of $1.67.

Insider Activity at Energy Vault

In related news, insider Akshay Ladwa sold 75,000 shares of Energy Vault stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $3.11, for a total value of $233,250.00. Following the completion of the sale, the insider owned 1,934,582 shares in the company, valued at approximately $6,016,550.02. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Piconi bought 17,500 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average price of $3.02 per share, with a total value of $52,850.00. Following the acquisition, the chief executive officer directly owned 20,199,884 shares in the company, valued at $61,003,649.68. The trade was a 0.09% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 132,400 shares of company stock worth $288,130 and have sold 200,000 shares worth $584,000. Insiders own 19.80% of the company’s stock.

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.