Shepherd Kaplan Krochuk LLC Makes New $31,000 Investment in Energy Vault Holdings, Inc. (NYSE:NRGV)

Shepherd Kaplan Krochuk LLC acquired a new position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,483 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp purchased a new position in shares of Energy Vault during the fourth quarter worth about $27,000. Virtu Financial LLC purchased a new position in shares of Energy Vault during the fourth quarter worth about $27,000. Atala Financial Inc purchased a new position in shares of Energy Vault during the fourth quarter worth about $31,000. PFG Investments LLC purchased a new position in shares of Energy Vault during the fourth quarter worth about $42,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Energy Vault during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

Shares of NYSE:NRGV opened at $0.90 on Friday. The business’s 50 day simple moving average is $0.81 and its 200-day simple moving average is $1.45. The firm has a market capitalization of $138.82 million, a price-to-earnings ratio of -1.38 and a beta of 0.72. Energy Vault Holdings, Inc. has a 12 month low of $0.60 and a 12 month high of $2.70.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.05. The business had revenue of $8.53 million for the quarter, compared to analyst estimates of $25.04 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. On average, equities analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Insider Transactions at Energy Vault

In related news, insider Akshay Ladwa sold 57,033 shares of Energy Vault stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $0.71, for a total transaction of $40,493.43. Following the completion of the transaction, the insider now directly owns 2,213,618 shares in the company, valued at $1,571,668.78. The trade was a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 142,661 shares of company stock valued at $101,289 in the last quarter. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TD Cowen lowered their price target on Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Roth Mkm reduced their price objective on shares of Energy Vault from $2.50 to $1.50 and set a “buy” rating for the company in a research report on Thursday, March 20th. Finally, The Goldman Sachs Group reduced their price objective on shares of Energy Vault from $1.00 to $0.75 and set a “sell” rating for the company in a research report on Wednesday, March 19th.

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.