Energy Vault Holdings, Inc. (NYSE:NRGV) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC decreased its holdings in Energy Vault Holdings, Inc. (NYSE:NRGV) by 49.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,522 shares of the company’s stock after selling 162,372 shares during the period. AQR Capital Management LLC’s holdings in Energy Vault were worth $160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Energy Vault by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,675,361 shares of the company’s stock worth $2,999,000 after purchasing an additional 43,764 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Energy Vault by 17.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 242,541 shares of the company’s stock worth $434,000 after purchasing an additional 35,935 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Energy Vault during the first quarter worth $91,000. XTX Topco Ltd grew its stake in shares of Energy Vault by 684.0% during the second quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock worth $164,000 after purchasing an additional 150,948 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its stake in shares of Energy Vault by 33.3% during the second quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock worth $76,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm lowered their target price on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.25.

Energy Vault Stock Up 21.8 %

Shares of NRGV stock opened at $1.51 on Friday. The stock’s 50-day moving average is $0.98 and its two-hundred day moving average is $1.11. Energy Vault Holdings, Inc. has a 1 year low of $0.78 and a 1 year high of $3.22.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.07). The firm had revenue of $3.77 million for the quarter, compared to analysts’ expectations of $16.65 million. Energy Vault had a negative return on equity of 40.67% and a negative net margin of 29.29%. During the same period in the previous year, the business posted ($0.18) EPS. Research analysts forecast that Energy Vault Holdings, Inc. will post -0.6 earnings per share for the current year.

Energy Vault Company 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.