Energy Vault Holdings, Inc. (NYSE:NRGV) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC trimmed its position in Energy Vault Holdings, Inc. (NYSE:NRGV) by 49.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,522 shares of the company’s stock after selling 162,372 shares during the period. AQR Capital Management LLC owned about 0.11% of Energy Vault worth $160,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. boosted its holdings 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 worth $76,000 after buying an additional 20,000 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Energy Vault in the 1st quarter worth approximately $91,000. XTX Topco Ltd lifted its stake in 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. Bank of New York Mellon Corp lifted its stake in Energy Vault by 21.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company’s stock worth $325,000 after purchasing an additional 61,135 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Energy Vault by 17.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock worth $434,000 after purchasing an additional 35,935 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their target price on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Energy Vault has an average rating of “Hold” and a consensus price target of $2.25.

Energy Vault Stock Up 21.8 %

NRGV stock opened at $1.51 on Friday. The firm’s 50 day moving average price is $0.98 and its 200-day moving average price is $1.11. Energy Vault Holdings, Inc. has a one year low of $0.78 and a one year high of $3.22.

Energy Vault (NYSE:NRGV) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The firm had revenue of $3.77 million for the quarter, compared to analysts’ expectations of $16.65 million. Energy Vault had a negative net margin of 29.29% and a negative return on equity of 40.67%. During the same period in the previous year, the firm posted ($0.18) EPS. As a group, research analysts expect that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

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.