Jane Street Group LLC Sells 166,264 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV)

Jane Street Group LLC lowered its stake in Energy Vault Holdings, Inc. (NYSE:NRGV) by 49.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,806 shares of the company’s stock after selling 166,264 shares during the period. Jane Street Group LLC owned approximately 0.11% of Energy Vault worth $161,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. DRW Securities LLC acquired a new stake in Energy Vault in the 3rd quarter worth approximately $31,000. SG Americas Securities LLC raised its position in shares of Energy Vault by 95.5% in the third quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock valued at $34,000 after purchasing an additional 17,388 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in shares of Energy Vault by 33.3% in the second 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. Green Alpha Advisors LLC boosted its holdings in shares of Energy Vault by 62.3% during the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after buying an additional 60,725 shares during the period. Finally, XTX Topco Ltd grew 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 valued at $164,000 after buying an additional 150,948 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Energy Vault

In related news, CEO Robert Piconi bought 150,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average cost of $1.57 per share, with a total value of $235,500.00. Following the acquisition, the chief executive officer now owns 17,623,361 shares in the company, 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 through this link. Insiders own 19.80% of the company’s stock.

Energy Vault Trading Up 3.6 %

Shares of NRGV stock opened at $1.99 on Tuesday. The firm has a market capitalization of $302.72 million, a P/E ratio of -3.06 and a beta of 0.44. Energy Vault Holdings, Inc. has a 1 year low of $0.78 and a 1 year high of $2.70. The firm’s fifty day simple moving average is $1.91 and its 200 day simple moving average is $1.39.

Energy Vault (NYSE:NRGV) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share (EPS) 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 company had revenue of $1.20 million for the quarter, compared to the consensus estimate of $4.80 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. Equities research analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TD Cowen reissued 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 four have issued a buy rating to the stock. According to MarketBeat, Energy Vault currently has a consensus rating of “Hold” and an average price target 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.