Private Capital Advisors Inc. Trims Holdings in Energy Vault Holdings, Inc. (NYSE:NRGV)

Private Capital Advisors Inc. lowered its stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV) by 84.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,260 shares of the company’s stock after selling 313,740 shares during the period. Private Capital Advisors Inc.’s holdings in Energy Vault were worth $128,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. DRW Securities LLC acquired a new position in shares of Energy Vault in the 3rd quarter valued at $31,000. SG Americas Securities LLC lifted its position in Energy Vault by 95.5% in the third quarter. SG Americas Securities LLC now owns 35,601 shares of the company’s stock valued at $34,000 after buying an additional 17,388 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its position in shares of Energy Vault by 31.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 105,000 shares of the company’s stock valued at $101,000 after acquiring an additional 25,000 shares during the last quarter. Barclays PLC raised its stake in shares of Energy Vault by 225.2% in the 3rd quarter. Barclays PLC now owns 143,759 shares of the company’s stock valued at $137,000 after acquiring an additional 99,550 shares during the period. Finally, Green Alpha Advisors LLC lifted its holdings in shares of Energy Vault by 62.3% in the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company’s stock worth $152,000 after acquiring an additional 60,725 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Energy Vault Trading Up 3.2 %

NYSE NRGV opened at $2.13 on Friday. Energy Vault Holdings, Inc. has a 52 week low of $0.78 and a 52 week high of $2.69. The firm has a 50 day moving average of $1.92 and a two-hundred day moving average of $1.44.

Energy Vault (NYSE:NRGV) last posted its earnings results on Tuesday, November 12th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.20 million during the quarter, compared to analysts’ expectations of $4.80 million. During the same period last year, the company earned ($0.13) EPS. As a group, analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current year.

Insider Transactions at Energy Vault

In related news, CEO Robert Piconi bought 150,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of $1.57 per share, with a total value of $235,500.00. Following the transaction, the chief executive officer now directly 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 19.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen restated a “buy” rating and set a $2.50 price target on shares of Energy Vault in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1.95.

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.