Stephanie Unwin Sells 115,000 Shares of Energy Vault (NYSE:NRGV) Stock

Energy Vault Holdings, Inc. (NYSE:NRGVGet Free Report) Director Stephanie Unwin sold 115,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total value of $426,650.00. Following the transaction, the director owned 182,245 shares of the company’s stock, valued at approximately $676,128.95. This represents a 38.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Energy Vault Stock Down 4.3%

NRGV opened at $3.59 on Friday. The stock’s 50 day moving average price is $3.58 and its 200 day moving average price is $3.87. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $652.81 million, a P/E ratio of -5.44 and a beta of 1.21. Energy Vault Holdings, Inc. has a 12 month low of $1.73 and a 12 month high of $6.64.

Energy Vault (NYSE:NRGVGet Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%.The business had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. As a group, research analysts predict that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NRGV. BlackRock Inc. acquired a new stake in Energy Vault in the 2nd quarter valued at about $52,657,000. Millennium Management LLC boosted its position in shares of Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock valued at $17,400,000 after purchasing an additional 3,430,094 shares in the last quarter. State Street Corp grew its stake in shares of Energy Vault by 1,004.0% in the 4th quarter. State Street Corp now owns 5,697,735 shares of the company’s stock worth $26,267,000 after purchasing an additional 5,181,624 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Energy Vault in the 2nd quarter worth approximately $25,508,000. Finally, Marshall Wace LLP raised its holdings in shares of Energy Vault by 132.7% in the 4th quarter. Marshall Wace LLP now owns 3,194,205 shares of the company’s stock worth $14,725,000 after purchasing an additional 1,821,462 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

NRGV has been the subject of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 target price on shares of Energy Vault in a research report on Wednesday, August 12th. Roth Capital reaffirmed a “buy” rating and issued a $7.00 price target (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Citigroup upped their price target on shares of Energy Vault from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Fundamental Research set a $8.03 price objective on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen cut Energy Vault from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Energy Vault presently has a consensus rating of “Hold” and a consensus price target of $6.01.

Get Our Latest Analysis on Energy Vault

About Energy Vault

(Get 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.

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