Energy Vault Holdings, Inc. (NYSE:NRGV) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in Energy Vault Holdings, Inc. (NYSE:NRGV) by 25.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,952 shares of the company’s stock after selling 42,274 shares during the period. Stifel Financial Corp’s holdings in Energy Vault were worth $119,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $164,000 after buying an additional 150,948 shares during the period. Mesirow Financial Investment Management Inc. grew its position in Energy Vault by 33.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after acquiring an additional 20,000 shares in the last quarter. DRW Securities LLC purchased a new stake in Energy Vault during the third quarter worth about $31,000. SG Americas Securities LLC lifted its position in shares of Energy Vault by 95.5% during the third 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. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 purchasing an additional 61,135 shares during the period. 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 set a $2.50 target price on shares of Energy Vault in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Energy Vault presently has a consensus rating of “Hold” and a consensus price target of $1.95.

Energy Vault Stock Performance

Shares of NRGV opened at $2.47 on Tuesday. Energy Vault Holdings, Inc. has a 1 year low of $0.78 and a 1 year high of $2.55. The stock has a market capitalization of $375.74 million, a PE ratio of -3.80 and a beta of 0.49. The stock has a 50-day simple moving average of $1.80 and a 200-day simple moving average of $1.29.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. The firm had revenue of $1.20 million during the quarter, compared to analysts’ expectations of $4.80 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. Analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Insider Buying and Selling

In other Energy Vault news, CEO Robert Piconi purchased 150,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of $1.57 per share, with a total value of $235,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 17,623,361 shares of the company’s stock, valued at $27,668,676.77. This trade represents a 0.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.