Insider Buying: Energy Vault (NYSE:NRGV) Director Buys 27,472 Shares of Stock

Key Points

• Energy Vault director Dylan Hixon bought 27,472 shares at an average price of $3.88, investing $106,591.36. The purchase followed an acquisition of 85,518 shares one day earlier, bringing his recent buying to 112,990 shares.
• Energy Vault shares traded at $3.71, near their 50-day moving average of $3.67, but the company reported a quarterly loss of $0.17 per share, missing estimates, despite revenue exceeding expectations.
• Analyst views remain mixed: the stock has a consensus “Hold” rating and an average price target of $5.41, while institutional investors own about 40% of the shares.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) Director Dylan Hixon bought 27,472 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were acquired at an average price of $3.88 per share, for a total transaction of $106,591.36. Following the completion of the transaction, the director owned 27,472 shares in the company, valued at $106,591.36. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dylan Hixon also recently made the following trade(s):

• On Friday, August 14th, Dylan Hixon bought 85,518 shares of Energy Vault stock. The stock was acquired at an average cost of $3.74 per share, for a total transaction of $319,837.32.

Energy Vault Price Performance

NYSE:NRGV traded down $0.11 during mid-day trading on Tuesday, hitting $3.71. The company's stock had a trading volume of 1,126,588 shares, compared to its average volume of 4,628,902. The company has a market capitalization of $662.02 million, a price-to-earnings ratio of -5.60 and a beta of 1.21. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 24.07. Energy Vault Holdings, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $6.64. The stock has a fifty day moving average of $3.67 and a 200-day moving average of $3.93.

Energy Vault (NYSE:NRGV - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.03). Energy Vault had a negative net margin of 48.58% and a negative return on equity of 236.83%. The company had revenue of $17.37 million for the quarter, compared to analyst estimates of $14.24 million. As a group, equities analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Energy Vault

Institutional investors have recently modified their holdings of the stock. Creative Planning lifted its position in shares of Energy Vault by 3.7% during the third quarter. Creative Planning now owns 102,139 shares of the company's stock worth $303,000 after purchasing an additional 3,690 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Energy Vault by 12.4% in the fourth quarter. Osaic Holdings Inc. now owns 44,547 shares of the company's stock valued at $205,000 after purchasing an additional 4,897 shares in the last quarter. Bank of Nova Scotia raised its position in Energy Vault by 19.9% in the 1st quarter. Bank of Nova Scotia now owns 41,600 shares of the company's stock worth $137,000 after purchasing an additional 6,900 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Energy Vault by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 668,703 shares of the company's stock worth $3,083,000 after purchasing an additional 7,742 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Energy Vault by 70.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,808 shares of the company's stock worth $96,000 after buying an additional 8,570 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NRGV has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $7.00 price target on shares of Energy Vault in a research report on Wednesday, August 12th. Wall Street Zen cut Energy Vault from a "sell" rating to a "strong sell" rating in a report on Saturday. Weiss Ratings downgraded shares of Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Wednesday, August 12th. Zacks Research raised shares of Energy Vault from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Finally, Roth Capital reiterated a "buy" rating and set a $7.00 target price (up from $5.00) on shares of Energy Vault in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Energy Vault has a consensus rating of "Hold" and an average target price of $5.41.

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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