Insider Selling: Energy Vault (NYSE:NRGV) Director Sells $426,650.00 in Stock

Key Points

• Energy Vault director Stephanie Unwin sold 115,000 shares at an average price of $3.71, generating $426,650 and reducing her ownership by 38.69% to 182,245 shares.
• NRGV shares fell 4.3% to $3.59, while the company reported a quarterly loss of $0.17 per share, missing estimates, despite revenue of $17.37 million exceeding expectations.
• Analyst sentiment remains mixed, with an average rating of Hold and a $6.01 price target; institutional investors own approximately 40.03% of the company.

Energy Vault Holdings, Inc. (NYSE:NRGV - Get Free Report) Director Stephanie Unwin sold 115,000 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $3.71, for a total transaction of $426,650.00. Following the completion of the transaction, the director owned 182,245 shares of the company's stock, valued at approximately $676,128.95. The trade was a 38.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Energy Vault Stock Down 4.3%

Shares of NRGV traded down $0.16 during mid-day trading on Friday, reaching $3.59. The company had a trading volume of 2,967,575 shares, compared to its average volume of 4,580,169. The company has a debt-to-equity ratio of 24.07, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $652.81 million, a price-to-earnings ratio of -5.44 and a beta of 1.21. The firm has a 50-day moving average price of $3.59 and a 200 day moving average price of $3.87. Energy Vault Holdings, Inc. has a 52 week low of $1.73 and a 52 week high of $6.64.

Energy Vault (NYSE:NRGV - Get Free Report) last posted 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 the consensus estimate of $14.24 million. On average, sell-side analysts forecast that Energy Vault Holdings, Inc. will post -0.56 EPS for the current year.

Analyst Upgrades and Downgrades

NRGV has been the topic of several recent analyst reports. Zacks Research raised shares of Energy Vault from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Citigroup upped their target price on shares of Energy Vault from $5.00 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Fundamental Research set a $8.03 price target on shares of Energy Vault and gave the company a "buy" rating in a research report on Tuesday, August 18th. Weiss Ratings downgraded shares of Energy Vault from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, August 12th. Finally, Roth Capital restated a "buy" rating and issued a $7.00 price objective (up from $5.00) on shares of Energy Vault in a report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.01.

Institutional Investors Weigh In On Energy Vault

Large investors have recently bought and sold shares of the business. Amundi bought a new position in Energy Vault during the 2nd quarter valued at about $827,000. California State Teachers Retirement System bought a new stake in shares of Energy Vault in the second quarter worth approximately $3,037,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Energy Vault by 548.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 177,171 shares of the company's stock worth $834,000 after acquiring an additional 149,866 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Energy Vault during the second quarter valued at approximately $756,000. Finally, Bank of America Corp DE bought a new position in Energy Vault during the second quarter valued at approximately $2,348,000. 40.03% of the stock is currently owned by institutional investors.

About Energy Vault

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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