Energy Vault (NYSE:NRGV) Trading Down 6.7% Following Insider Selling

Energy Vault Holdings, Inc. (NYSE:NRGV) was down 6.7% during trading on Wednesday following insider selling activity. The company traded as low as $5.31 and last traded at $5.3250. Approximately 1,163,316 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 2,938,148 shares. The stock had previously closed at $5.71.

Specifically, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of Energy Vault stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $5.65, for a total transaction of $16,950,000.00. Following the sale, the insider owned 15,535,631 shares in the company, valued at $87,776,315.15. This trade represents a 16.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NRGV shares. The Goldman Sachs Group raised their target price on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a research note on Wednesday, November 12th. Fundamental Research set a $5.19 price target on Energy Vault and gave the company a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a report on Friday, January 9th. Finally, Zacks Research raised shares of Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three 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, the stock has an average rating of “Hold” and an average price target of $2.67.

Energy Vault Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.59. The stock has a market capitalization of $876.70 million, a PE ratio of -5.51 and a beta of 0.91. The firm has a fifty day moving average price of $4.47 and a two-hundred day moving average price of $3.05.

Energy Vault (NYSE:NRGV) last released its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.The business had revenue of $33.32 million during the quarter, compared to analysts’ expectations of $48.99 million. Research analysts expect that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NRGV. Green Alpha Advisors LLC grew its stake in Energy Vault by 49.9% in the 4th quarter. Green Alpha Advisors LLC now owns 105,499 shares of the company’s stock worth $486,000 after acquiring an additional 35,141 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Energy Vault in the third quarter valued at approximately $120,000. Nomura Holdings Inc. grew its stake in Energy Vault by 27.3% in the third quarter. Nomura Holdings Inc. now owns 83,689 shares of the company’s stock worth $249,000 after purchasing an additional 17,961 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Energy Vault during the 3rd quarter worth $36,000. Finally, Millennium Management LLC increased its holdings in Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company’s stock worth $17,400,000 after purchasing an additional 3,430,094 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.