Private Capital Advisors Inc. Sells 313,740 Shares of Energy Vault Holdings, Inc. (NYSE:NRGV)

Private Capital Advisors Inc. decreased its stake in shares of Energy Vault Holdings, Inc. (NYSE:NRGV - Free Report) by 84.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Energy Vault by 8.5% in the third quarter. Geode Capital Management LLC now owns 2,273,042 shares of the company's stock valued at $2,182,000 after acquiring an additional 177,214 shares in the last quarter. State Street Corp grew its position in Energy Vault by 1.1% during the third quarter. State Street Corp now owns 1,850,702 shares of the company's stock worth $1,777,000 after buying an additional 20,915 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Energy Vault by 21.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 341,909 shares of the company's stock worth $325,000 after acquiring an additional 61,135 shares during the period. XTX Topco Ltd raised its holdings in Energy Vault by 684.0% in the 2nd quarter. XTX Topco Ltd now owns 173,016 shares of the company's stock valued at $164,000 after acquiring an additional 150,948 shares in the last quarter. Finally, Green Alpha Advisors LLC lifted its position in shares of Energy Vault by 62.3% during the 3rd quarter. Green Alpha Advisors LLC now owns 158,171 shares of the company's stock valued at $152,000 after acquiring an additional 60,725 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling

In other Energy Vault news, CEO Robert Piconi acquired 150,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were bought at an average cost of $1.57 per share, with a total value of $235,500.00. Following the purchase, the chief executive officer now directly owns 17,623,361 shares of the company's stock, valued at $27,668,676.77. This trade represents a 0.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.80% of the stock is owned by corporate insiders.

Energy Vault Price Performance

Shares of NRGV stock traded down $0.01 on Friday, hitting $2.12. 974,946 shares of the company's stock were exchanged, compared to its average volume of 1,334,987. Energy Vault Holdings, Inc. has a 12 month low of $0.78 and a 12 month high of $2.69. The company has a 50 day moving average of $1.92 and a 200 day moving average of $1.44. The stock has a market cap of $321.73 million, a P/E ratio of -3.25 and a beta of 0.44.

Energy Vault (NYSE:NRGV - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The firm had revenue of $1.20 million for the quarter, compared to analyst estimates of $4.80 million. Energy Vault had a negative net margin of 73.37% and a negative return on equity of 47.41%. During the same period last year, the business earned ($0.13) EPS. Sell-side analysts predict that Energy Vault Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reaffirmed a "buy" rating and issued a $2.50 price target on shares of Energy Vault in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $1.95.

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.