Energy Vault (NYSE:NRGV) Sets New 1-Year High on Insider Buying Activity

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price hit a new 52-week high during mid-day trading on Friday following insider buying activity. The company traded as high as $3.16 and last traded at $3.17, with a volume of 5466401 shares changing hands. The stock had previously closed at $2.68.

Specifically, CEO Robert Piconi acquired 17,500 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were acquired at an average cost of $3.02 per share, for a total transaction of $52,850.00. Following the acquisition, the chief executive officer directly owned 20,199,884 shares in the company, valued at approximately $61,003,649.68. The trade was a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Robert Piconi acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were bought at an average price of $2.30 per share, for a total transaction of $115,000.00. Following the completion of the acquisition, the chief executive officer owned 20,182,384 shares in the company, valued at approximately $46,419,483.20. This trade represents a 0.25% increase in their ownership of the stock. The disclosure for this purchase can be found here.

Energy Vault Stock Performance

The firm has a market capitalization of $509.83 million, a PE ratio of -3.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 0.66. The company’s fifty day moving average price is $1.58 and its two-hundred day moving average price is $1.10.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.15). Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%.The company had revenue of $8.51 million for the quarter, compared to analysts’ expectations of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in Energy Vault in the fourth quarter valued at approximately $44,000. Squarepoint Ops LLC purchased a new position in Energy Vault in the fourth quarter valued at approximately $50,000. Ground Swell Capital LLC purchased a new position in Energy Vault in the second quarter valued at approximately $26,000. Catalyst Funds Management Pty Ltd purchased a new position in Energy Vault in the second quarter valued at approximately $36,000. Finally, XTX Topco Ltd purchased a new position in Energy Vault in the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.