Sapient Capital LLC Invests $498,000 in Energy Vault Holdings, Inc. (NYSE:NRGV)

Sapient Capital LLC bought a new position in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 213,939 shares of the company’s stock, valued at approximately $498,000.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Energy Vault during the third quarter worth $25,000. Simplicity Solutions LLC acquired a new position in shares of Energy Vault during the fourth quarter worth $33,000. Bleakley Financial Group LLC acquired a new stake in Energy Vault in the fourth quarter valued at $33,000. First Citizens Bank & Trust Co. acquired a new stake in Energy Vault in the fourth quarter valued at $37,000. Finally, Alpine Global Management LLC acquired a new stake in Energy Vault in the third quarter valued at $38,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Energy Vault Trading Up 1.6 %

Energy Vault stock opened at $1.29 on Monday. Energy Vault Holdings, Inc. has a 52 week low of $1.05 and a 52 week high of $3.55. The stock has a market cap of $189.73 million, a price-to-earnings ratio of -1.87 and a beta of 0.71. The company’s 50-day moving average price is $1.55 and its two-hundred day moving average price is $1.88.

Energy Vault (NYSE:NRGV) last announced its earnings results on Tuesday, March 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). Energy Vault had a negative return on equity of 40.42% and a negative net margin of 28.82%. The firm had revenue of $118.24 million for the quarter, compared to the consensus estimate of $122.05 million. Research analysts expect that Energy Vault Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Laurence Alexander sold 20,385 shares of Energy Vault stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $1.64, for a total transaction of $33,431.40. Following the transaction, the chief marketing officer now directly owns 897,123 shares of the company’s stock, valued at $1,471,281.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 77,966 shares of company stock valued at $124,984 over the last three months. Company insiders own 19.80% of the company’s stock.

Wall Street Analyst Weigh In

NRGV has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on shares of Energy Vault from $1.70 to $1.50 and set a “sell” rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus decreased their target price on Energy Vault from $6.00 to $3.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. Roth Mkm started coverage on Energy Vault in a research report on Tuesday, January 16th. They set a “buy” rating and a $4.00 price target on the stock. Roth Capital restated a “buy” rating on shares of Energy Vault in a research report on Tuesday, January 16th. Finally, TD Cowen dropped their target price on Energy Vault from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Energy Vault presently has a consensus rating of “Hold” and an average target price of $2.85.

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.