Y Intercept Hong Kong Ltd Invests $156,000 in Energy Vault Holdings, Inc. $NRGV

Y Intercept Hong Kong Ltd bought a new stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 218,182 shares of the company’s stock, valued at approximately $156,000.

Other hedge funds also recently modified their holdings of the company. Private Capital Advisors Inc. lifted its stake in Energy Vault by 41.0% during the second quarter. Private Capital Advisors Inc. now owns 687,260 shares of the company’s stock worth $493,000 after purchasing an additional 200,000 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Energy Vault by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 398,476 shares of the company’s stock worth $277,000 after purchasing an additional 16,101 shares during the last quarter. Nuveen LLC acquired a new stake in Energy Vault in the 1st quarter valued at about $190,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Energy Vault by 201.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after purchasing an additional 118,641 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Energy Vault by 613.7% during the first quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after acquiring an additional 119,636 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NRGV shares. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group increased their price objective on shares of Energy Vault from $0.50 to $1.50 and gave the stock a “sell” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Energy Vault presently has an average rating of “Reduce” and a consensus target price of $1.67.

Insider Transactions at Energy Vault

In other news, CEO Robert Piconi purchased 17,500 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were purchased at an average cost of $3.02 per share, with a total value of $52,850.00. Following the completion of the purchase, the chief executive officer owned 20,199,884 shares of the company’s stock, valued at $61,003,649.68. This trade represents a 0.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dylan Hixon purchased 20,000 shares of Energy Vault stock in a transaction dated Friday, August 29th. The shares were purchased at an average price of $1.92 per share, for a total transaction of $38,400.00. Following the completion of the acquisition, the director owned 900,065 shares of the company’s stock, valued at approximately $1,728,124.80. The trade was a 2.27% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 132,400 shares of company stock worth $288,130 and sold 200,000 shares worth $584,000. 15.40% of the stock is owned by corporate insiders.

Energy Vault Price Performance

Shares of Energy Vault stock opened at $3.49 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $565.52 million, a price-to-earnings ratio of -3.60 and a beta of 0.94. The company has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $1.73. Energy Vault Holdings, Inc. has a twelve month low of $0.60 and a twelve month high of $4.56.

Energy Vault (NYSE:NRGV) last released its earnings results on Thursday, August 7th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.15). Energy Vault had a negative net margin of 279.38% and a negative return on equity of 96.64%. The firm had revenue of $8.51 million during the quarter, compared to the consensus estimate of $31.18 million. Analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

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.