Energy Vault (NYSE:NRGV) CFO Sells $206,700.00 in Stock

Key Points

• CFO Michael Thomas Beer sold 65,000 shares on April 6 at an average price of $3.18 for $206,700, trimming his stake by 5.77% to 1,060,945 shares (valued about $3.37M).
• Energy Vault missed quarterly EPS estimates, reporting ($0.13) versus consensus ($0.07), with a negative net margin of 50.87% and negative return on equity of 106.69%, while revenue of $153.31M was roughly in line with expectations.
• Analyst sentiment is largely negative — the consensus rating is "Reduce" (one Buy vs. three Sell) with a consensus target price of $4.03, and the company has a market cap near $549 million.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) CFO Michael Thomas Beer sold 65,000 shares of the firm's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $3.18, for a total transaction of $206,700.00. Following the completion of the transaction, the chief financial officer owned 1,060,945 shares in the company, valued at $3,373,805.10. The trade was a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Energy Vault Stock Performance

NRGV stock traded up $0.17 during mid-day trading on Wednesday, reaching $3.18. 2,692,607 shares of the stock traded hands, compared to its average volume of 3,691,501. The firm has a market capitalization of $549.20 million, a PE ratio of -4.88 and a beta of 0.90. The business has a 50-day moving average of $3.56 and a two-hundred day moving average of $3.91. Energy Vault Holdings, Inc. has a 52 week low of $0.60 and a 52 week high of $6.35. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.56.

Energy Vault (NYSE:NRGV - Get Free Report) last released its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Energy Vault had a negative net margin of 50.87% and a negative return on equity of 106.69%. The business had revenue of $153.31 million during the quarter, compared to analyst estimates of $152.57 million. As a group, equities analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NRGV has been the subject of a number of research reports. Zacks Research downgraded Energy Vault from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Fundamental Research set a $6.05 price target on shares of Energy Vault and gave the company a "buy" rating in a report on Tuesday, March 24th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Energy Vault in a report on Friday, January 9th. Finally, The Goldman Sachs Group raised their price target on shares of Energy Vault from $1.75 to $2.00 and gave the stock a "sell" rating in a research note on Thursday, March 19th. One analyst has rated the stock with a Buy rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Energy Vault has a consensus rating of "Reduce" and a consensus target price of $4.03.

Hedge Funds Weigh In On Energy Vault

Large investors have recently made changes to their positions in the company. Millennium Management LLC grew its position in shares of Energy Vault by 141.2% during the 3rd quarter. Millennium Management LLC now owns 5,858,734 shares of the company's stock worth $17,400,000 after buying an additional 3,430,094 shares during the period. State Street Corp boosted its holdings in shares of Energy Vault by 1,004.0% in the fourth quarter. State Street Corp now owns 5,697,735 shares of the company's stock valued at $26,267,000 after buying an additional 5,181,624 shares during the period. Legal & General Group Plc bought a new stake in shares of Energy Vault in the fourth quarter worth $18,217,000. Marshall Wace LLP lifted its position in shares of Energy Vault by 132.7% in the fourth quarter. Marshall Wace LLP now owns 3,194,205 shares of the company's stock worth $14,725,000 after purchasing an additional 1,821,462 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Energy Vault in the fourth quarter worth $11,454,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Energy Vault Company Profile

Energy Vault is a global energy storage technology company specializing in long-duration, gravity-based energy storage solutions. Founded in 2017 and headquartered in Lugano, Switzerland, the firm has developed a modular system that uses large composite blocks and a proprietary crane system to convert excess renewable energy into gravitational potential energy. When energy demand peaks, the system lowers the blocks to generate electricity through regenerative braking, offering a dispatchable, carbon-free alternative to traditional battery storage.

The company's flagship product line, EVx, integrates advanced materials science, software-driven controls and artificial intelligence to optimize charge and discharge cycles.

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