Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) Director Stephanie Unwin sold 115,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total transaction of $426,650.00. Following the transaction, the director directly owned 182,245 shares in the company, valued at $676,128.95. This trade represents a 38.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Energy Vault Stock Performance
Shares of NRGV opened at $3.59 on Friday. 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 50-day moving average of $3.58 and a 200-day moving average of $3.87. The company has a market cap of $652.81 million, a PE ratio of -5.44 and a beta of 1.21. Energy Vault Holdings, Inc. has a one year low of $1.73 and a one year high of $6.64.
Energy Vault (NYSE:NRGV - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The firm had revenue of $17.37 million during the quarter, compared to the consensus estimate of $14.24 million. On average, equities research analysts predict that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.
Hedge Funds Weigh In On Energy Vault
A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Energy Vault by 201.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company's stock valued at $125,000 after purchasing an additional 118,641 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Energy Vault by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company's stock valued at $277,000 after purchasing an additional 16,101 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Energy Vault by 613.7% during the first quarter. Jane Street Group LLC now owns 139,129 shares of the company's stock valued at $97,000 after buying an additional 119,636 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Energy Vault during the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 40.03% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on NRGV shares. Weiss Ratings downgraded Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, August 12th. Citigroup increased their target price on Energy Vault from $5.00 to $6.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Wall Street Zen downgraded shares of Energy Vault from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 15th. Cantor Fitzgerald restated an "overweight" rating and set a $7.00 price target on shares of Energy Vault in a research note on Wednesday, August 12th. Finally, Fundamental Research set a $8.03 price objective on shares of Energy Vault and gave the stock a "buy" rating in a report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Energy Vault currently has an average rating of "Hold" and an average target price of $6.01.
Check Out 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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