Energy Vault (NYSE:NRGV) CFO Sells $206,700.00 in Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) CFO Michael Thomas Beer sold 65,000 shares of the company’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $3.18, for a total transaction of $206,700.00. Following the sale, the chief financial officer directly owned 1,060,945 shares in the company, valued at $3,373,805.10. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Energy Vault Stock Performance

NYSE NRGV traded up $0.17 on Wednesday, hitting $3.18. 2,692,607 shares of the stock were exchanged, compared to its average volume of 3,691,501. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.73 and a quick ratio of 0.73. The business’s fifty day moving average is $3.56 and its 200 day moving average is $3.91. Energy Vault Holdings, Inc. has a 52 week low of $0.60 and a 52 week high of $6.35. The company has a market capitalization of $549.20 million, a PE ratio of -4.88 and a beta of 0.90.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Energy Vault had a negative return on equity of 106.69% and a negative net margin of 50.87%.The firm had revenue of $153.31 million for the quarter, compared to the consensus estimate of $152.57 million. Research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Energy Vault from $1.75 to $2.00 and gave the company a “sell” rating in a report on Thursday, March 19th. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday, March 24th. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research note on Friday, January 9th. Finally, Zacks Research downgraded shares of Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat, Energy Vault currently has a consensus rating of “Reduce” and an average price target of $4.03.

Institutional Investors Weigh In On Energy Vault

Hedge funds have recently made changes to their positions in the stock. Cambient Family Office LLC acquired a new stake in shares of Energy Vault in the 4th quarter valued at approximately $320,000. Legal & General Group Plc bought a new position in Energy Vault in the 4th quarter valued at approximately $18,217,000. ProShare Advisors LLC bought a new position in Energy Vault in the 4th quarter valued at approximately $238,000. Covestor Ltd raised its holdings in Energy Vault by 140.0% in the 4th quarter. Covestor Ltd now owns 49,327 shares of the company’s stock valued at $227,000 after buying an additional 28,773 shares during the last quarter. Finally, UBS Group AG raised its holdings in Energy Vault by 940.1% in the 4th quarter. UBS Group AG now owns 1,541,087 shares of the company’s stock valued at $7,104,000 after buying an additional 1,392,923 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.