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 company’s stock in a transaction on 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 trade represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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%

Shares of NYSE NRGV traded down $0.02 during trading hours on Tuesday, reaching $5.71. The stock had a trading volume of 4,449,064 shares, compared to its average volume of 2,492,414. The firm has a market cap of $957.24 million, a price-to-earnings ratio of -6.01 and a beta of 0.91. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. Energy Vault Holdings, Inc. has a 52-week low of $0.60 and a 52-week high of $6.35. The business’s fifty day moving average price is $4.47 and its two-hundred day moving average price is $3.05.

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

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

Energy Vault Company Profile

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.