1,504,234 Shares in Energy Vault Holdings, Inc. $NRGV Acquired by J. Goldman & Co LP

J. Goldman & Co LP purchased a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,504,234 shares of the company’s stock, valued at approximately $7,085,000. J. Goldman & Co LP owned about 0.84% of Energy Vault at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in shares of Energy Vault in the 2nd quarter worth approximately $57,000. Legal & General Group Plc purchased a new stake in Energy Vault during the second quarter valued at approximately $25,508,000. The Manufacturers Life Insurance Company purchased a new position in shares of Energy Vault during the 2nd quarter worth $177,000. Seros Financial LLC bought a new stake in shares of Energy Vault during the 2nd quarter valued at $74,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Energy Vault in the 2nd quarter worth $1,759,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NRGV. Cantor Fitzgerald restated an “overweight” rating and issued a $7.00 price target on shares of Energy Vault in a research report on Wednesday, August 12th. Roth Capital reiterated a “buy” rating and set a $7.00 price objective (up from $5.00) on shares of Energy Vault in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Energy Vault from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 12th. Wall Street Zen cut shares of Energy Vault from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Finally, 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 report on Thursday, August 20th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Energy Vault presently has an average rating of “Hold” and an average target price of $6.01.

Energy Vault Trading Up 7.8%

Shares of NRGV opened at $3.92 on Wednesday. The firm has a market cap of $713.72 million, a P/E ratio of -5.95 and a beta of 1.21. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. Energy Vault Holdings, Inc. has a 1 year low of $1.60 and a 1 year high of $6.64. The company has a 50 day simple moving average of $3.61 and a two-hundred day simple moving average of $3.88.

Energy Vault (NYSE:NRGV) last released 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 company had revenue of $17.37 million during the quarter, compared to analysts’ expectations 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, equities analysts expect that Energy Vault Holdings, Inc. will post -0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Energy Vault

In other Energy Vault news, CFO Michael Thomas Beer sold 65,000 shares of Energy Vault stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $4.08, for a total value of $265,200.00. Following the sale, the chief financial officer owned 1,021,806 shares of the company’s stock, valued at $4,168,968.48. The trade was a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dylan Hixon acquired 27,472 shares of Energy Vault stock in a transaction on Monday, August 17th. The stock was purchased at an average cost of $3.88 per share, for a total transaction of $106,591.36. Following the purchase, the director owned 27,472 shares in the company, valued at approximately $106,591.36. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 17.20% of the stock is owned by insiders.

About Energy Vault

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.