Energy Vault Holdings, Inc. (NYSE:NRGV) Shares Sold by Private Capital Advisors Inc.

Private Capital Advisors Inc. cut its position in Energy Vault Holdings, Inc. (NYSE:NRGV) by 84.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,260 shares of the company’s stock after selling 313,740 shares during the period. Private Capital Advisors Inc.’s holdings in Energy Vault were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NRGV. SG Americas Securities LLC grew its holdings in Energy Vault by 22.5% during the fourth quarter. SG Americas Securities LLC now owns 43,600 shares of the company’s stock worth $99,000 after acquiring an additional 7,999 shares during the period. State Street Corp grew its stake in shares of Energy Vault by 1.1% during the 3rd quarter. State Street Corp now owns 1,850,702 shares of the company’s stock worth $1,777,000 after purchasing an additional 20,915 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in shares of Energy Vault by 31.3% during the 3rd 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 in the last quarter. DRW Securities LLC acquired a new position in shares of Energy Vault in the 3rd quarter valued at $31,000. Finally, Green Alpha Advisors LLC boosted its holdings in Energy Vault by 62.3% during the third quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after buying an additional 60,725 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reaffirmed a “buy” rating and issued a $2.50 price objective on shares of Energy Vault in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1.95.

Energy Vault Price Performance

Shares of NYSE NRGV opened at $2.13 on Friday. Energy Vault Holdings, Inc. has a one year low of $0.78 and a one year high of $2.69. The firm has a fifty day moving average of $1.92 and a 200 day moving average of $1.44.

Energy Vault (NYSE:NRGV) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $1.20 million for the quarter, compared to analyst estimates of $4.80 million. During the same quarter last year, the company earned ($0.13) EPS. As a group, equities research analysts forecast that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Activity

In other Energy Vault news, CEO Robert Piconi bought 150,000 shares of Energy Vault stock in a transaction dated Friday, November 22nd. The stock was 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 of the company’s stock, valued at approximately $27,668,676.77. This represents a 0.86 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.80% of the company’s stock.

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.