Energy Vault (NYSE:NRGV) Major Shareholder Vision Fund (Aiv M2) Softbank Sells 3,000,000 Shares

Energy Vault Holdings, Inc. (NYSE:NRGV) major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5.65, for a total value of $16,950,000.00. Following the completion of the transaction, the insider directly owned 15,535,631 shares in the company, valued at $87,776,315.15. This represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Energy Vault Trading Down 0.3%

Energy Vault stock opened at $5.71 on Wednesday. The stock has a 50-day moving average price of $4.47 and a 200 day moving average price of $3.05. The company has a market capitalization of $957.24 million, a price-to-earnings ratio of -6.01 and a beta of 0.91. Energy Vault Holdings, Inc. has a 52 week low of $0.60 and a 52 week high of $6.35. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 0.39.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). The business had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $48.99 million. Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%. Sell-side analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Institutional Investors Weigh In On Energy Vault

A number of hedge funds have recently modified their holdings of the business. Ground Swell Capital LLC purchased a new position in shares of Energy Vault in the second quarter worth about $26,000. Catalyst Funds Management Pty Ltd purchased a new position in Energy Vault in the 2nd quarter worth approximately $36,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Energy Vault during the 3rd quarter worth approximately $36,000. XTX Topco Ltd purchased a new stake in shares of Energy Vault in the second quarter valued at approximately $39,000. Finally, Platform Technology Partners acquired a new stake in shares of Energy Vault in the third quarter valued at approximately $40,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NRGV shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. The Goldman Sachs Group increased their price target on Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a research report on Wednesday, November 12th. Finally, Fundamental Research set a $5.19 price objective on Energy Vault and gave the company a “buy” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Energy Vault currently has a consensus rating of “Hold” and an average target price of $2.67.

About Energy Vault

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company’s flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.