GSA Capital Partners LLP reduced its position in Energy Vault Holdings, Inc. (NYSE:NRGV – Free Report) by 54.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,310 shares of the company’s stock after selling 417,548 shares during the period. GSA Capital Partners LLP’s holdings in Energy Vault were worth $1,643,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of NRGV. Millennium Management LLC lifted its stake in 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 acquiring an additional 3,430,094 shares in the last quarter. UBS Group AG lifted its stake in Energy Vault by 940.1% during the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock valued at $7,104,000 after acquiring an additional 1,392,923 shares in the last quarter. Jane Street Group LLC lifted its stake in Energy Vault by 579.7% during the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock valued at $678,000 after acquiring an additional 806,576 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Energy Vault during the 4th quarter valued at $1,805,000. Finally, RFG Advisory LLC bought a new position in Energy Vault during the 4th quarter valued at $1,560,000. 40.03% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $3.18, for a total value of $206,700.00. Following the completion of the sale, the chief financial officer owned 1,060,945 shares of the company’s stock, valued at approximately $3,373,805.10. This trade represents a 5.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 16,950 shares of company stock valued at $55,062. Company insiders own 17.20% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on NRGV
Energy Vault Trading Down 5.0%
Shares of Energy Vault stock opened at $4.83 on Wednesday. Energy Vault Holdings, Inc. has a 1 year low of $0.65 and a 1 year high of $6.40. The firm has a market cap of $834.63 million, a PE ratio of -6.80 and a beta of 1.14. The stock has a fifty day moving average price of $3.91 and a 200-day moving average price of $4.09. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.73.
Energy Vault (NYSE:NRGV – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) 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 analysts’ expectations of $20.72 million. Equities research analysts anticipate that Energy Vault Holdings, Inc. will post -0.61 EPS for the current year.
Energy Vault Profile
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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