DRW Securities LLC Purchases Shares of 32,300 Energy Vault Holdings, Inc. (NYSE:NRGV)

DRW Securities LLC acquired a new position in Energy Vault Holdings, Inc. (NYSE:NRGV) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 32,300 shares of the company’s stock, valued at approximately $31,000.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in Energy Vault by 95.5% during the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after acquiring an additional 17,388 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Energy Vault in the first quarter worth $91,000. Mesirow Financial Investment Management Inc. raised its position in shares of Energy Vault by 33.3% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after purchasing an additional 20,000 shares during the period. Green Alpha Advisors LLC lifted its stake in shares of Energy Vault by 62.3% during the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock valued at $152,000 after buying an additional 60,725 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in Energy Vault by 684.0% in the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock worth $164,000 after buying an additional 150,948 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NRGV has been the topic of a number of recent analyst reports. Roth Mkm decreased their price target on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. TD Cowen reissued a “buy” rating and set a $2.50 target price on shares of Energy Vault in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1.95.

Energy Vault Trading Up 4.7 %

Shares of NRGV stock opened at $1.90 on Thursday. The stock has a market capitalization of $288.27 million, a price-to-earnings ratio of -2.92 and a beta of 0.45. Energy Vault Holdings, Inc. has a 12-month low of $0.78 and a 12-month high of $2.68. The stock’s 50-day moving average price is $1.44 and its 200-day moving average price is $1.19.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The firm had revenue of $1.20 million for the quarter, compared to analysts’ expectations of $4.80 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. During the same period last year, the company earned ($0.13) earnings per share. As a group, research analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Insider Buying and Selling at Energy Vault

In related news, CEO Robert Piconi acquired 150,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $1.57 per share, for a total transaction of $235,500.00. Following the completion of the transaction, the chief executive officer now directly owns 17,623,361 shares in the company, valued at approximately $27,668,676.77. This trade represents a 0.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.80% of the stock is owned by company insiders.

Energy Vault Company Profile

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.