369,182 Shares in Energy Vault Holdings, Inc. $NRGV Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Energy Vault Holdings, Inc. (NYSE:NRGVFree Report) during the 4th quarter, Holdings Channel reports. The fund bought 369,182 shares of the company’s stock, valued at approximately $1,805,000.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC grew its position in Energy Vault by 141.2% in the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the last quarter. Vanguard Group Inc. grew its position in Energy Vault by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock worth $5,416,000 after purchasing an additional 308,509 shares during the last quarter. UBS Group AG grew its position in Energy Vault by 940.1% in the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock worth $7,104,000 after purchasing an additional 1,392,923 shares during the last quarter. Jane Street Group LLC grew its position in Energy Vault by 579.7% in the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock worth $678,000 after purchasing an additional 806,576 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Energy Vault by 4.2% in 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. Institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

Shares of Energy Vault stock opened at $5.01 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50-day simple moving average is $3.63 and its 200-day simple moving average is $4.00. Energy Vault Holdings, Inc. has a twelve month low of $0.65 and a twelve month high of $6.35. The firm has a market cap of $866.78 million, a P/E ratio of -7.06 and a beta of 1.14.

Energy Vault (NYSE:NRGVGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Energy Vault had a negative net margin of 52.97% and a negative return on equity of 144.72%. The business had revenue of $21.88 million for the quarter, compared to analyst estimates of $20.72 million. As a group, research analysts expect that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Insider Buying and Selling at Energy Vault

In other news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $3.18, for a total transaction of $206,700.00. Following the sale, the chief financial officer directly owned 1,060,945 shares in the company, valued at approximately $3,373,805.10. The trade was a 5.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 16,950 shares of company stock worth $55,062. 17.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on NRGV shares. The Goldman Sachs Group raised their price target on shares of Energy Vault from $1.75 to $2.00 and gave the stock a “sell” rating in a research report on Thursday, March 19th. Zacks Research lowered shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Finally, Cantor Fitzgerald started coverage on shares of Energy Vault in a research report on Tuesday, May 5th. They issued an “overweight” rating and a $7.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $5.02.

Read Our Latest Stock Report on NRGV

Energy Vault Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Energy Vault (NYSE:NRGV)

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