Energy Vault Holdings, Inc. (NYSE:NRGV) Shares Bought by Barclays PLC

Barclays PLC grew its stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 225.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,759 shares of the company’s stock after purchasing an additional 99,550 shares during the period. Barclays PLC owned approximately 0.09% of Energy Vault worth $137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Energy Vault by 21.8% during the second quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company’s stock worth $325,000 after buying an additional 61,135 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Energy Vault by 684.0% during the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock valued at $164,000 after acquiring an additional 150,948 shares during the period. SG Americas Securities LLC boosted its stake in shares of Energy Vault by 95.5% during the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after acquiring an additional 17,388 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in shares of Energy Vault by 62.3% in the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after acquiring an additional 60,725 shares during the period. Finally, Mesirow Financial Investment Management Inc. increased its stake in Energy Vault by 31.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 105,000 shares of the company’s stock valued at $101,000 after purchasing an additional 25,000 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Price Performance

NRGV stock opened at $2.13 on Friday. The company’s 50 day simple moving average is $1.92 and its 200-day simple moving average is $1.44. Energy Vault Holdings, Inc. has a 12 month low of $0.78 and a 12 month high of $2.69. The firm has a market capitalization of $323.26 million, a PE ratio of -3.27 and a beta of 0.44.

Energy Vault (NYSE:NRGV) last announced its earnings results on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. The company had revenue of $1.20 million for the quarter, compared to analyst estimates of $4.80 million. During the same quarter last year, the company posted ($0.13) EPS. As a group, sell-side analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current year.

Insider Activity at Energy Vault

In other news, CEO Robert Piconi acquired 150,000 shares of Energy Vault stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of $1.57 per share, with a total value of $235,500.00. Following the completion of the purchase, the chief executive officer now owns 17,623,361 shares of the company’s stock, valued at approximately $27,668,676.77. This represents a 0.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 19.80% of the company’s stock.

Analysts Set New Price Targets

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

About Energy Vault

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.