Barclays PLC Purchases 21,760 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV)

Barclays PLC lifted its stake in Energy Vault Holdings, Inc. (NYSE:NRGV) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,519 shares of the company’s stock after purchasing an additional 21,760 shares during the period. Barclays PLC’s holdings in Energy Vault were worth $378,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Energy Vault by 15,519.9% in the fourth quarter. Invesco Ltd. now owns 2,675,226 shares of the company’s stock valued at $6,100,000 after buying an additional 2,658,099 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Energy Vault by 44.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 889,493 shares of the company’s stock valued at $2,028,000 after buying an additional 272,465 shares during the last quarter. Covestor Ltd acquired a new position in shares of Energy Vault in the fourth quarter valued at $272,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Energy Vault by 90.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 153,020 shares of the company’s stock worth $387,000 after acquiring an additional 72,538 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Energy Vault in the 4th quarter valued at $114,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Energy Vault Trading Down 3.2 %

NRGV opened at $0.76 on Friday. The company has a fifty day moving average price of $0.83 and a two-hundred day moving average price of $1.47. The company has a market cap of $117.52 million, a P/E ratio of -1.17 and a beta of 0.72. Energy Vault Holdings, Inc. has a 1-year low of $0.60 and a 1-year high of $2.70.

Energy Vault (NYSE:NRGV) last posted its earnings results on Monday, March 17th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.21). The business had revenue of $38.95 million during the quarter, compared to analyst estimates of $42.51 million. Energy Vault had a negative return on equity of 47.41% and a negative net margin of 73.37%. On average, research analysts forecast that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NRGV. Roth Mkm cut their price target on Energy Vault from $2.50 to $1.50 and set a “buy” rating for the company in a research note on Thursday, March 20th. TD Cowen cut their target price on shares of Energy Vault from $2.50 to $2.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, The Goldman Sachs Group reduced their target price on Energy Vault from $1.00 to $0.75 and set a “sell” rating on the stock in a report on Wednesday, March 19th.

Insider Buying and Selling

In other Energy Vault news, insider Akshay Ladwa sold 57,033 shares of the business’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $0.71, for a total value of $40,493.43. Following the transaction, the insider now directly owns 2,213,618 shares in the company, valued at $1,571,668.78. The trade was a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 142,661 shares of company stock worth $101,289. 15.40% of the stock is owned by insiders.

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.