Energy Vault (NYSE:NRGV) Trading Down 6.7% After Insider Selling

Energy Vault Holdings, Inc. (NYSE:NRGV)’s stock price fell 6.7% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $5.31 and last traded at $5.3250. 1,163,316 shares changed hands during trading, a decline of 60% from the average session volume of 2,938,148 shares. The stock had previously closed at $5.71.

Specifically, major shareholder Vision Fund (Aiv M2) Softbank sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $5.65, for a total value of $16,950,000.00. Following the completion of the sale, the insider owned 15,535,631 shares of the company’s stock, valued at $87,776,315.15. The trade was a 16.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Wall Street Analyst Weigh In

A number of research firms have commented on NRGV. Fundamental Research set a $5.19 price objective on Energy Vault and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Zacks Research raised Energy Vault from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Energy Vault in a research report on Friday, January 9th. Finally, The Goldman Sachs Group raised their target price on shares of Energy Vault from $1.50 to $2.00 and gave the company a “sell” rating in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.67.

Energy Vault Stock Down 8.5%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.59 and a current ratio of 0.63. The company has a market capitalization of $876.70 million, a PE ratio of -5.51 and a beta of 0.91. The company’s 50-day moving average is $4.47 and its 200 day moving average is $3.05.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.06). Energy Vault had a negative net margin of 172.61% and a negative return on equity of 119.98%. The company had revenue of $33.32 million for the quarter, compared to analysts’ expectations of $48.99 million. As a group, analysts anticipate that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Institutional Investors Weigh In On Energy Vault

A number of large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of Energy Vault during the 3rd quarter valued at $36,000. Platform Technology Partners bought a new stake in Energy Vault during the third quarter valued at about $40,000. Banco BTG Pactual S.A. purchased a new position in shares of Energy Vault in the third quarter valued at about $43,000. Ground Swell Capital LLC bought a new position in shares of Energy Vault in the second quarter worth about $26,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Energy Vault during the third quarter worth about $120,000. Institutional investors own 40.03% of the company’s stock.

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.