Geode Capital Management LLC Has $2.18 Million Holdings in Energy Vault Holdings, Inc. (NYSE:NRGV)

Geode Capital Management LLC lifted its stake in Energy Vault Holdings, Inc. (NYSE:NRGV) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,273,042 shares of the company’s stock after buying an additional 177,214 shares during the period. Geode Capital Management LLC’s holdings in Energy Vault were worth $2,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NRGV. State Street Corp raised its holdings in Energy Vault by 1.1% in the 3rd quarter. State Street Corp now owns 1,850,702 shares of the company’s stock valued at $1,777,000 after acquiring an additional 20,915 shares in the last quarter. XTX Topco Ltd raised its holdings in Energy Vault by 684.0% in the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company’s stock valued at $164,000 after acquiring an additional 150,948 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Energy Vault by 33.3% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 80,000 shares of the company’s stock valued at $76,000 after acquiring an additional 20,000 shares in the last quarter. DRW Securities LLC acquired a new position in Energy Vault in the 3rd quarter valued at $31,000. Finally, SG Americas Securities LLC raised its holdings in Energy Vault by 95.5% in the 3rd quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock valued at $34,000 after acquiring an additional 17,388 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, CEO Robert Piconi purchased 150,000 shares of Energy Vault stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of $1.57 per share, for a total transaction of $235,500.00. Following the transaction, the chief executive officer now owns 17,623,361 shares of the company’s stock, valued at approximately $27,668,676.77. This represents a 0.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 19.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, TD Cowen reissued a “buy” rating and set a $2.50 price target on shares of Energy Vault in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1.95.

Energy Vault Stock Down 0.4 %

Shares of NRGV stock opened at $2.46 on Wednesday. The firm has a market capitalization of $374.22 million, a P/E ratio of -3.78 and a beta of 0.44. Energy Vault Holdings, Inc. has a twelve month low of $0.78 and a twelve month high of $2.70. The stock’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $1.36.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The firm had revenue of $1.20 million for the quarter, compared to the consensus estimate of $4.80 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. During the same quarter in the prior year, the firm earned ($0.13) EPS. As a group, equities research analysts expect that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Energy Vault 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.