Energy Vault (NYSE:NRGV) Stock Sees Heavy Call Option Buying

Energy Vault Holdings, Inc. (NYSE:NRGV) was the recipient of some unusual options trading on Friday. Investors acquired 12,596 call options on the stock. This is an increase of 141% compared to the typical volume of 5,230 call options.

Insider Activity at Energy Vault

In other news, Director Dylan Hixon acquired 27,472 shares of Energy Vault stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of $3.88 per share, for a total transaction of $106,591.36. Following the completion of the purchase, the director directly owned 27,472 shares of the company’s stock, valued at $106,591.36. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephanie Unwin sold 115,000 shares of Energy Vault stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total transaction of $426,650.00. Following the completion of the transaction, the director directly owned 182,245 shares of the company’s stock, valued at approximately $676,128.95. This represents a 38.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 17.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its stake in shares of Energy Vault by 153.2% in the third quarter. Sterling Capital Management LLC now owns 9,111 shares of the company’s stock worth $36,000 after purchasing an additional 5,512 shares in the last quarter. Calamos Advisors LLC bought a new stake in shares of Energy Vault during the first quarter valued at about $48,000. Quantbot Technologies LP acquired a new stake in Energy Vault in the second quarter worth about $50,000. Hsbc Holdings PLC acquired a new stake in Energy Vault in the second quarter worth about $57,000. Finally, Walleye Capital LLC acquired a new stake in Energy Vault in the first quarter worth about $58,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Energy Vault Stock Performance

Shares of NYSE NRGV traded up $0.20 during midday trading on Friday, hitting $3.81. 1,594,562 shares of the company’s stock were exchanged, compared to its average volume of 4,492,139. The company has a debt-to-equity ratio of 24.07, a current ratio of 1.19 and a quick ratio of 1.19. The stock’s 50 day moving average price is $3.59 and its 200-day moving average price is $3.83. The firm has a market cap of $693.72 million, a P/E ratio of -5.65 and a beta of 1.33. Energy Vault has a twelve month low of $2.46 and a twelve month high of $6.64.

Energy Vault (NYSE:NRGV) last posted 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). Energy Vault had a negative net margin of 54.02% and a negative return on equity of 318.02%. The business had revenue of $17.37 million during the quarter, compared to analyst estimates of $14.24 million. Equities research analysts anticipate that Energy Vault will post -0.56 EPS for the current year.

Wall Street Analyst Weigh In

NRGV has been the topic of a number of recent research reports. Cantor Fitzgerald raised their price target on shares of Energy Vault from $7.00 to $12.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup raised their target price on Energy Vault from $4.75 to $5.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a report on Tuesday. Wall Street Zen lowered shares of Energy Vault from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Roth Capital restated a “buy” rating and set a $7.00 price target (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.81.

Energy Vault Company Profile

Energy Vault Holdings, Inc. develops energy storage systems designed to help utilities, power producers and other customers store electricity and deliver it when needed. Its offerings include gravity-based storage systems, which use mechanical processes to store and release energy, as well as battery energy storage systems and hybrid solutions. The company also provides VaultOS, a software platform for monitoring and managing energy storage assets. Its systems are intended to support renewable energy integration, grid stability and other energy management needs.