Energy Vault Target of Unusually High Options Trading (NYSE:NRGV)

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of some unusual options trading on Tuesday. Stock investors bought 9,441 call options on the company. This is an increase of 201% compared to the average volume of 3,132 call options.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NRGV. Weiss Ratings restated a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. The Goldman Sachs Group lifted their price target on Energy Vault from $0.50 to $1.50 and gave the company a “sell” rating in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Energy Vault presently has a consensus rating of “Reduce” and a consensus target price of $1.67.

Insider Transactions at Energy Vault

In other Energy Vault news, CEO Robert Piconi bought 50,000 shares of Energy Vault stock in a transaction dated Wednesday, September 17th. The stock was bought at an average price of $2.30 per share, with a total value of $115,000.00. Following the completion of the transaction, the chief executive officer owned 20,182,384 shares in the company, valued at $46,419,483.20. The trade was a 0.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $2.17, for a total transaction of $108,500.00. Following the transaction, the chief financial officer directly owned 1,216,103 shares in the company, valued at approximately $2,638,943.51. This represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 132,400 shares of company stock worth $288,130 and have sold 200,000 shares worth $584,000. Company insiders own 19.80% of the company’s stock.

Institutional Trading of Energy Vault

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Energy Vault by 20.4% during the third quarter. Vanguard Group Inc. now owns 1,823,443 shares of the company’s stock valued at $5,416,000 after buying an additional 308,509 shares during the last quarter. Platform Technology Partners purchased a new position in shares of Energy Vault during the 3rd quarter valued at $40,000. Sapient Capital LLC lifted its position in shares of Energy Vault by 21.1% during the 3rd quarter. Sapient Capital LLC now owns 115,000 shares of the company’s stock valued at $347,000 after buying an additional 20,000 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Energy Vault by 570.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company’s stock worth $57,000 after acquiring an additional 67,199 shares during the period. Finally, Jane Street Group LLC increased its holdings in Energy Vault by 579.7% in the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company’s stock worth $678,000 after acquiring an additional 806,576 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Energy Vault Trading Up 29.7%

Shares of NRGV stock traded up $1.06 during mid-day trading on Tuesday, reaching $4.61. 8,706,806 shares of the stock traded hands, compared to its average volume of 2,004,460. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. Energy Vault has a 1-year low of $0.60 and a 1-year high of $4.85. The stock’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $1.75. The company has a market cap of $745.32 million, a price-to-earnings ratio of -4.75 and a beta of 0.94.

Energy Vault (NYSE:NRGV) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). The company had revenue of $33.32 million during the quarter, compared to the consensus estimate of $48.99 million. Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. Energy Vault has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Energy Vault will post -0.64 EPS for the current fiscal year.

About Energy Vault

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers B-Vault, an electrochemical battery energy storage systems for shorter-duration energy storage needs; G-Vault, a proprietary gravity energy storage solution, including EVx solution; and H-Vault, a hybrid energy storage systems including systems that integrate green hydrogen.