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

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

A number of other institutional investors and hedge funds have also made changes to their positions in NRGV. Bank of New York Mellon Corp boosted its holdings in Energy Vault by 21.8% in the second quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company’s stock valued at $325,000 after acquiring an additional 61,135 shares during the last quarter. XTX Topco Ltd raised 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 during the period. SG Americas Securities LLC lifted its stake 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 valued at $34,000 after purchasing an additional 17,388 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in shares of Energy Vault by 62.3% during 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 during the period. Finally, Mesirow Financial Investment Management Inc. grew its holdings in shares of Energy Vault by 31.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 105,000 shares of the company’s stock worth $101,000 after purchasing an additional 25,000 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Price Performance

Shares of NRGV opened at $2.13 on Friday. Energy Vault Holdings, Inc. has a 12 month low of $0.78 and a 12 month high of $2.69. The stock’s 50-day moving average is $1.92 and its two-hundred day moving average is $1.44. The stock has a market cap of $323.26 million, a PE ratio of -3.27 and a beta of 0.44.

Energy Vault (NYSE:NRGV) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.18) EPS 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 analyst estimates of $4.80 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. During the same period last year, the firm posted ($0.13) earnings per share. On average, research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reaffirmed a “buy” rating and set a $2.50 price target on shares of Energy Vault in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1.95.

Insider Transactions at Energy Vault

In other news, CEO Robert Piconi acquired 150,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of $1.57 per share, with a total value of $235,500.00. Following the transaction, the chief executive officer now directly owns 17,623,361 shares in the company, valued at approximately $27,668,676.77. This represents a 0.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 19.80% 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.