179,047 Shares in Energy Vault Holdings, Inc. $NRGV Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new stake in Energy Vault Holdings, Inc. (NYSE:NRGV) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 179,047 shares of the company’s stock, valued at approximately $843,000.

Several other institutional investors have also recently bought and sold shares of the company. Creative Planning grew its stake in shares of Energy Vault by 3.7% during the 3rd quarter. Creative Planning now owns 102,139 shares of the company’s stock worth $303,000 after acquiring an additional 3,690 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Energy Vault by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 44,547 shares of the company’s stock worth $205,000 after purchasing an additional 4,897 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Energy Vault by 19.9% in the first quarter. Bank of Nova Scotia now owns 41,600 shares of the company’s stock worth $137,000 after purchasing an additional 6,900 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Energy Vault by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company’s stock worth $3,083,000 after purchasing an additional 7,742 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Energy Vault by 70.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company’s stock worth $96,000 after purchasing an additional 8,570 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

NYSE:NRGV opened at $3.67 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 24.07. The stock’s 50 day moving average price is $3.65 and its two-hundred day moving average price is $3.92. The firm has a market capitalization of $653.29 million, a price-to-earnings ratio of -5.55 and a beta of 1.21. Energy Vault Holdings, Inc. has a 12-month low of $1.40 and a 12-month high of $6.64.

Energy Vault (NYSE:NRGV) last issued its earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). The business had revenue of $17.37 million for the quarter, compared to the consensus estimate of $14.24 million. Energy Vault had a negative return on equity of 236.83% and a negative net margin of 48.58%. On average, analysts anticipate that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Fundamental Research set a $8.03 target price on shares of Energy Vault and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen downgraded shares of Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday. Citigroup upgraded shares of Energy Vault from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $5.25 to $5.00 in a research note on Wednesday, July 22nd. Weiss Ratings cut Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Finally, Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Energy Vault presently has a consensus rating of “Hold” and a consensus price target of $5.81.

Insiders Place Their Bets

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $4.08, for a total value of $265,200.00. Following the transaction, the chief financial officer directly owned 1,021,806 shares in the company, valued at $4,168,968.48. The trade was a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dylan Hixon acquired 85,518 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $3.74 per share, for a total transaction of $319,837.32. Following the completion of the transaction, the director directly owned 31,864 shares of the company’s stock, valued at approximately $119,171.36. This trade represents a -159.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 17.20% of the company’s stock.

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.