First Citizens Bank & Trust Co. Makes New $37,000 Investment in Energy Vault Holdings, Inc. (NYSE:NRGV)

First Citizens Bank & Trust Co. acquired a new position in shares of Energy Vault Holdings, Inc. (NYSE:NRGVFree Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,752 shares of the company’s stock, valued at approximately $37,000.

Several other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Energy Vault by 29.2% during the 2nd quarter. BlackRock Inc. now owns 6,297,654 shares of the company’s stock worth $17,193,000 after purchasing an additional 1,422,804 shares during the last quarter. State Street Corp boosted its holdings in shares of Energy Vault by 78.8% during the 2nd quarter. State Street Corp now owns 2,620,200 shares of the company’s stock worth $7,153,000 after purchasing an additional 1,154,404 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Energy Vault by 22.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,661,273 shares of the company’s stock worth $4,535,000 after purchasing an additional 305,926 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Energy Vault by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,466,671 shares of the company’s stock worth $3,740,000 after purchasing an additional 32,231 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in shares of Energy Vault during the 1st quarter worth approximately $21,416,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Energy Vault Trading Down 6.2 %

NRGV opened at $1.75 on Thursday. Energy Vault Holdings, Inc. has a one year low of $1.35 and a one year high of $3.55. The business’s 50 day moving average price is $1.71 and its 200 day moving average price is $2.07.

Insider Activity at Energy Vault

In other Energy Vault news, CMO Laurence Alexander sold 20,385 shares of the company’s stock in a transaction on 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 in the company, valued at $1,471,281.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 77,889 shares of company stock worth $128,003. Insiders own 20.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NRGV. The Goldman Sachs Group lowered their target price on Energy Vault from $1.70 to $1.50 and set a “sell” rating on the stock in a report on Friday, March 22nd. Roth Mkm initiated coverage on Energy Vault in a report on Tuesday, January 16th. They set a “buy” rating and a $4.00 target price on the stock. Roth Capital reiterated a “buy” rating on shares of Energy Vault in a report on Tuesday, January 16th. Chardan Capital reiterated a “buy” rating and issued a $7.00 price objective on shares of Energy Vault in a report on Monday, March 18th. Finally, TD Cowen decreased their price objective on Energy Vault from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4.38.

Get Our Latest Analysis on Energy Vault

Energy Vault Profile

(Free Report)

Energy Vault Holdings, Inc develops and sells energy storage solutions. The company offers battery energy storage systems for shorter-duration energy storage needs; gravity energy storage systems, including EVx solution; green hydrogen energy storage systems; hybrid energy storage systems; and energy management software platform that orchestrates the management of one or more diverse storage mediums.

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Institutional Ownership by Quarter for Energy Vault (NYSE:NRGV)

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