Barclays PLC Boosts Stake in Energy Vault Holdings, Inc. (NYSE:NRGV)

Barclays PLC raised its holdings in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 225.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 143,759 shares of the company’s stock after acquiring an additional 99,550 shares during the period. Barclays PLC’s holdings in Energy Vault were worth $137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NRGV. DRW Securities LLC purchased a new position in Energy Vault during the third quarter worth about $31,000. SG Americas Securities LLC boosted its holdings in shares of Energy Vault by 95.5% in the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after purchasing an additional 17,388 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Energy Vault by 33.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after purchasing an additional 20,000 shares in the last quarter. Green Alpha Advisors LLC boosted its holdings in shares of Energy Vault by 62.3% in the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after purchasing an additional 60,725 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Energy Vault by 684.0% in the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock worth $164,000 after purchasing an additional 150,948 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, TD Cowen reiterated 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 four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1.95.

Energy Vault Price Performance

Shares of NRGV stock opened at $2.21 on Thursday. The stock has a market capitalization of $336.19 million, a PE ratio of -3.40 and a beta of 0.44. Energy Vault Holdings, Inc. has a 1-year low of $0.78 and a 1-year high of $2.69. The business has a 50-day moving average of $1.90 and a 200 day moving average of $1.37.

Energy Vault (NYSE:NRGV) last issued its 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). The company had revenue of $1.20 million for the quarter, compared to analysts’ expectations of $4.80 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. During the same quarter in the prior year, the company earned ($0.13) earnings per share. Analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Insider Activity at Energy Vault

In related news, CEO Robert Piconi bought 150,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of $1.57 per share, for a total transaction of $235,500.00. Following the acquisition, the chief executive officer now directly owns 17,623,361 shares of the company’s stock, valued at $27,668,676.77. The trade was a 0.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 19.80% of the stock is currently owned by company insiders.

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.