Energy Vault Holdings, Inc. $NRGV Stock Position Trimmed by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. has reduced its stake in Energy Vault Holdings, Inc. by 55.6%, selling 168,066 shares and now holding 134,315 shares worth approximately $93,000.
• Recent institutional activity includes a 766.1% increase in holdings by Private Capital Advisors, acquiring 431,000 shares and bringing its total to 487,260 shares valued at around $339,000.
• Wall Street analysts have upgraded Energy Vault's stock rating from "strong sell" to "hold," with an average price target of $1.42, indicating a shift in market sentiment.

Nomura Holdings Inc. decreased its position in Energy Vault Holdings, Inc. (NYSE:NRGV - Free Report) by 55.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,315 shares of the company's stock after selling 168,066 shares during the quarter. Nomura Holdings Inc. owned 0.09% of Energy Vault worth $93,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NRGV. Millennium Management LLC grew its holdings in Energy Vault by 122.5% during the 4th quarter. Millennium Management LLC now owns 1,442,399 shares of the company's stock valued at $3,289,000 after purchasing an additional 794,253 shares in the last quarter. Northern Trust Corp boosted its position in Energy Vault by 4.2% in the 4th quarter. Northern Trust Corp now owns 822,529 shares of the company's stock valued at $1,875,000 after buying an additional 33,039 shares during the last quarter. Private Capital Advisors Inc. increased its position in shares of Energy Vault by 766.1% during the first quarter. Private Capital Advisors Inc. now owns 487,260 shares of the company's stock worth $339,000 after acquiring an additional 431,000 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Energy Vault during the first quarter worth about $190,000. Finally, Bank of America Corp DE lifted its stake in shares of Energy Vault by 16.6% in the fourth quarter. Bank of America Corp DE now owns 260,330 shares of the company's stock worth $594,000 after acquiring an additional 37,129 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Stock Up 6.5%

NYSE:NRGV traded up $0.13 during mid-day trading on Thursday, reaching $2.04. The stock had a trading volume of 1,576,429 shares, compared to its average volume of 1,887,499. The stock's 50 day simple moving average is $1.38 and its two-hundred day simple moving average is $1.05. Energy Vault Holdings, Inc. has a 1-year low of $0.60 and a 1-year high of $2.70. The company has a market capitalization of $329.36 million, a price-to-earnings ratio of -2.10 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.66 and a quick ratio of 0.66.

Energy Vault (NYSE:NRGV - Get Free Report) last issued its 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). The firm had revenue of $8.51 million during the quarter, compared to analyst estimates of $31.18 million. Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%. Energy Vault has set its FY 2025 guidance at EPS. Equities analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Energy Vault from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $1.42.

Insider Activity

In other Energy Vault news, CFO Michael Thomas Beer sold 33,897 shares of the firm's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $0.81, for a total value of $27,456.57. Following the transaction, the chief financial officer owned 1,266,103 shares of the company's stock, valued at $1,025,543.43. This trade represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dylan Hixon bought 20,000 shares of the stock in a transaction dated Friday, August 29th. The shares were bought at an average cost of $1.92 per share, with a total value of $38,400.00. Following the completion of the acquisition, the director directly owned 900,065 shares of the company's stock, valued at approximately $1,728,124.80. The trade was a 2.27% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders acquired 64,900 shares of company stock valued at $120,280 and sold 66,024 shares valued at $53,479. Company insiders own 15.40% of the company's stock.

Energy Vault 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.