Barclays PLC Has $137,000 Holdings in Energy Vault Holdings, Inc. (NYSE:NRGV)

Barclays PLC raised its position in Energy Vault Holdings, Inc. (NYSE:NRGV) by 225.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 143,759 shares of the company’s stock after acquiring an additional 99,550 shares during the period. Barclays PLC owned approximately 0.10% of Energy Vault worth $137,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new stake in Energy Vault in the third quarter valued at approximately $31,000. SG Americas Securities LLC boosted 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 valued at $34,000 after buying an additional 17,388 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Energy Vault by 33.3% during the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after buying an additional 20,000 shares during the last quarter. Green Alpha Advisors LLC boosted its position in shares of Energy Vault by 62.3% during the third quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock valued at $152,000 after buying an additional 60,725 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Energy Vault by 684.0% during the second 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 last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Energy Vault Trading Down 10.5 %

NRGV stock opened at $2.21 on Thursday. The stock’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $1.37. Energy Vault Holdings, Inc. has a 1-year low of $0.78 and a 1-year high of $2.69. The stock has a market cap of $336.19 million, a P/E ratio of -3.40 and a beta of 0.44.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.20 million during the quarter, compared to analysts’ expectations of $4.80 million. During the same period in the prior year, the firm posted ($0.13) EPS. As a group, analysts forecast that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert Piconi bought 150,000 shares of the stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of $1.57 per share, for a total transaction of $235,500.00. Following the completion of the purchase, the chief executive officer now directly owns 17,623,361 shares in the company, valued at $27,668,676.77. This represents a 0.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.