Energy Vault Holdings, Inc. (NYSE:NRGV) Shares Bought by Root Financial Partners LLC

Root Financial Partners LLC grew its position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 35.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,404 shares of the company’s stock after acquiring an additional 7,876 shares during the quarter. Root Financial Partners LLC’s holdings in Energy Vault were worth $69,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Energy Vault by 95.5% in the third quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after buying an additional 17,388 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in Energy Vault by 31.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 105,000 shares of the company’s stock valued at $101,000 after purchasing an additional 25,000 shares during the last quarter. DRW Securities LLC purchased a new position in Energy Vault in the third quarter valued at about $31,000. State Street Corp boosted its holdings in Energy Vault by 1.1% in the third quarter. State Street Corp now owns 1,850,702 shares of the company’s stock valued at $1,777,000 after purchasing an additional 20,915 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Energy Vault by 225.2% in the third quarter. Barclays PLC now owns 143,759 shares of the company’s stock valued at $137,000 after purchasing an additional 99,550 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Stock Down 0.9 %

NYSE:NRGV opened at $1.63 on Friday. The business’s 50 day moving average is $1.92 and its two-hundred day moving average is $1.50. Energy Vault Holdings, Inc. has a 52 week low of $0.78 and a 52 week high of $2.70. The company has a market cap of $247.20 million, a PE ratio of -2.50 and a beta of 0.40.

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

Analysts Set New Price Targets

Separately, TD Cowen reissued a “buy” rating and issued a $2.50 price target on shares of Energy Vault in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1.95.

Insider Transactions at Energy Vault

In related news, CEO Robert Piconi purchased 150,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 17,623,361 shares of the company’s stock, valued at $27,668,676.77. This trade represents a 0.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 21,233 shares of company stock worth $36,346. 19.80% of the stock is currently 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.