Goldman Sachs Group Inc. Raises Stock Holdings in Energy Vault Holdings, Inc. $NRGV

Goldman Sachs Group Inc. grew its holdings in Energy Vault Holdings, Inc. (NYSE:NRGV) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,476 shares of the company’s stock after purchasing an additional 16,101 shares during the period. Goldman Sachs Group Inc.’s holdings in Energy Vault were worth $277,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC raised its stake in shares of Energy Vault by 122.5% in the fourth quarter. Millennium Management LLC now owns 1,442,399 shares of the company’s stock valued at $3,289,000 after acquiring an additional 794,253 shares in the last quarter. Private Capital Advisors Inc. grew its holdings in Energy Vault by 766.1% during the 1st quarter. Private Capital Advisors Inc. now owns 487,260 shares of the company’s stock worth $339,000 after acquiring an additional 431,000 shares during the last quarter. Nuveen LLC bought a new stake in shares of Energy Vault during the 1st quarter worth approximately $190,000. Jane Street Group LLC raised its stake in Energy Vault by 613.7% during the first quarter. Jane Street Group LLC now owns 139,129 shares of the company’s stock worth $97,000 after acquiring an additional 119,636 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Energy Vault by 201.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 177,395 shares of the company’s stock valued at $125,000 after buying an additional 118,641 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Energy Vault news, Director Dylan Hixon bought 20,000 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were acquired at an average cost of $1.92 per share, for a total transaction of $38,400.00. Following the transaction, the director owned 900,065 shares in the company, valued at approximately $1,728,124.80. The trade was a 2.27% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Michael Thomas Beer sold 50,000 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $2.17, for a total transaction of $108,500.00. Following the completion of the transaction, the chief financial officer directly owned 1,216,103 shares of the company’s stock, valued at approximately $2,638,943.51. This trade represents a 3.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 132,400 shares of company stock worth $288,130 and have sold 266,024 shares worth $637,479. 15.40% of the stock is owned by corporate insiders.

Energy Vault Stock Performance

NRGV stock opened at $3.02 on Friday. The firm has a market cap of $489.27 million, a price-to-earnings ratio of -3.12 and a beta of 0.83. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.11. Energy Vault Holdings, Inc. has a twelve month low of $0.60 and a twelve month high of $3.55. The business’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $1.17.

Energy Vault (NYSE:NRGV) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.15). Energy Vault had a negative return on equity of 96.64% and a negative net margin of 279.38%.The firm had revenue of $8.51 million for the quarter, compared to analyst estimates of $31.18 million. Energy Vault has set its FY 2025 guidance at EPS. Analysts predict that Energy Vault Holdings, Inc. will post -0.64 earnings per share for the current 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.