Sapient Capital LLC Has $217,000 Stake in Energy Vault Holdings, Inc. (NYSE:NRGV)

Sapient Capital LLC cut its position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 61.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 95,000 shares of the company’s stock after selling 148,939 shares during the quarter. Sapient Capital LLC’s holdings in Energy Vault were worth $217,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NRGV. DRW Securities LLC bought a new stake in Energy Vault during the third quarter valued at $31,000. SG Americas Securities LLC raised its position in shares of Energy Vault by 95.5% in the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock worth $34,000 after acquiring an additional 17,388 shares in the last quarter. PFG Investments LLC acquired a new position in shares of Energy Vault in the 4th quarter valued at about $42,000. Mesirow Financial Investment Management Inc. boosted its position in shares of Energy Vault by 31.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 105,000 shares of the company’s stock valued at $101,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Barclays PLC grew its stake in Energy Vault by 225.2% during the third quarter. Barclays PLC now owns 143,759 shares of the company’s stock worth $137,000 after purchasing an additional 99,550 shares during the period. Institutional investors own 40.03% of the company’s stock.

Energy Vault Price Performance

Shares of NRGV opened at $1.54 on Thursday. Energy Vault Holdings, Inc. has a one year low of $0.78 and a one year high of $2.70. The company has a market cap of $234.26 million, a PE ratio of -2.37 and a beta of 0.40. The stock has a 50-day moving average of $1.92 and a 200-day moving average of $1.50.

Energy Vault (NYSE:NRGV) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. The firm had revenue of $1.20 million during the quarter, compared to analyst estimates of $4.80 million. During the same period last year, the business posted ($0.13) EPS. Analysts expect that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, TD Cowen reissued a “buy” rating and issued a $2.50 price target on shares of Energy Vault in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Energy Vault has a consensus rating of “Hold” and a consensus price target of $1.95.

Insider Buying and Selling

In other Energy Vault news, CEO Robert Piconi bought 150,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average price of $1.57 per share, for a total transaction of $235,500.00. Following the acquisition, the chief executive officer now directly owns 17,623,361 shares of the company’s stock, valued at approximately $27,668,676.77. The trade was a 0.86 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 21,233 shares of company stock worth $36,346 in the last ninety days. Corporate insiders own 19.80% of the company’s stock.

About Energy Vault

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.