Energy Vault (NYSE:NRGV) CEO Acquires $52,850.00 in Stock

Key Points

• Energy Vault CEO Robert Piconi purchased 17,500 shares of the company at an average price of $3.02 per share, increasing his total holdings to over 20 million shares worth approximately $61 million.
• The company has recently seen significant institutional investment, with Jane Street Group increasing its stake by 579.7%, reflecting growing confidence in Energy Vault's future performance.
• Energy Vault reported a loss of ($0.22) EPS for the last quarter, missing analysts' expectations and highlighting ongoing financial challenges amid fluctuating stock performance and low revenue compared to projections.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CEO Robert Piconi bought 17,500 shares of Energy Vault stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of $3.02 per share, with a total value of $52,850.00. Following the completion of the purchase, the chief executive officer owned 20,199,884 shares in the company, valued at approximately $61,003,649.68. This trade represents a 0.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Robert Piconi also recently made the following trade(s):

• On Wednesday, September 17th, Robert Piconi bought 50,000 shares of Energy Vault stock. The stock was bought at an average cost of $2.30 per share, with a total value of $115,000.00.
• On Friday, August 29th, Robert Piconi bought 22,500 shares of Energy Vault stock. The stock was bought at an average cost of $1.92 per share, with a total value of $43,200.00.
• On Friday, July 18th, Robert Piconi sold 12,135 shares of Energy Vault stock. The stock was sold at an average price of $0.81, for a total transaction of $9,829.35.

Energy Vault Stock Down 1.4%

NYSE NRGV traded down $0.05 on Monday, reaching $3.07. The company had a trading volume of 3,948,757 shares, compared to its average volume of 2,593,423. The firm has a market capitalization of $496.07 million, a price-to-earnings ratio of -3.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.66 and a current ratio of 0.66. Energy Vault Holdings, Inc. has a 1-year low of $0.60 and a 1-year high of $3.18. The company's fifty day moving average is $1.62 and its 200-day moving average is $1.11.

Energy Vault (NYSE:NRGV - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.15). Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%.The business had revenue of $8.51 million for the quarter, compared to the consensus estimate of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. On average, research analysts forecast that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Energy Vault

A number of large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in shares of Energy Vault by 570.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 78,975 shares of the company's stock worth $57,000 after buying an additional 67,199 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Energy Vault by 579.7% during the 2nd quarter. Jane Street Group LLC now owns 945,705 shares of the company's stock worth $678,000 after buying an additional 806,576 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Energy Vault during the 2nd quarter worth about $206,000. XTX Topco Ltd acquired a new stake in Energy Vault in the 2nd quarter valued at about $39,000. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in Energy Vault in the 2nd quarter valued at about $36,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.