Energy Vault (NYSE:NRGV) CEO Robert Piconi Buys 10,000 Shares of Stock

Energy Vault Holdings, Inc. (NYSE:NRGV) CEO Robert Piconi acquired 10,000 shares of the stock in a transaction on Friday, November 14th. The stock was bought at an average price of $3.00 per share, with a total value of $30,000.00. Following the transaction, the chief executive officer directly owned 20,207,242 shares of the company’s stock, valued at approximately $60,621,726. The trade was a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Robert Piconi also recently made the following trade(s):

• On Friday, September 19th, Robert Piconi bought 17,500 shares of Energy Vault stock. The stock was purchased at an average cost of $3.02 per share, for a total transaction of $52,850.00.
• On Wednesday, September 17th, Robert Piconi purchased 50,000 shares of Energy Vault stock. The shares were purchased at an average price of $2.30 per share, with a total value of $115,000.00.
• On Friday, August 29th, Robert Piconi purchased 22,500 shares of Energy Vault stock. The shares were purchased at an average cost of $1.92 per share, with a total value of $43,200.00.

Energy Vault Trading Down 1.4%

Energy Vault stock traded down $0.05 during trading hours on Friday, reaching $3.07. The stock had a trading volume of 2,929,280 shares, compared to its average volume of 3,028,744. The company has a fifty day simple moving average of $3.18 and a 200-day simple moving average of $1.82. Energy Vault Holdings, Inc. has a 52 week low of $0.60 and a 52 week high of $4.85. The stock has a market cap of $496.07 million, a PE ratio of -3.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.66.

Energy Vault (NYSE:NRGV) last posted its earnings results on Monday, November 10th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). Energy Vault had a negative return on equity of 119.98% and a negative net margin of 172.61%.The firm had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $48.99 million. Energy Vault has set its FY 2025 guidance at EPS. Analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NRGV. Ground Swell Capital LLC bought a new position in Energy Vault in the 2nd quarter valued at approximately $26,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Energy Vault during the second quarter valued at $36,000. XTX Topco Ltd bought a new position in shares of Energy Vault during the second quarter valued at $39,000. Platform Technology Partners purchased a new stake in shares of Energy Vault during the third quarter valued at $40,000. Finally, Banco BTG Pactual S.A. bought a new stake in Energy Vault in the 3rd quarter worth about $43,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research lowered Energy Vault from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group upped their price objective on shares of Energy Vault from $1.50 to $2.00 and gave the stock a “sell” rating in a report on Wednesday. Fundamental Research set a $4.87 target price on shares of Energy Vault and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Energy Vault in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Energy Vault presently has an average rating of “Hold” and an average target price of $2.59.

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.