Sapient Capital LLC Has $437,000 Stock Holdings in Energy Vault Holdings, Inc. (NYSE:NRGV)

Sapient Capital LLC grew its position in Energy Vault Holdings, Inc. (NYSE:NRGV) by 14.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 243,939 shares of the company’s stock after acquiring an additional 30,000 shares during the period. Sapient Capital LLC’s holdings in Energy Vault were worth $437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in Energy Vault by 28.5% during the 4th quarter. SG Americas Securities LLC now owns 54,009 shares of the company’s stock worth $126,000 after buying an additional 11,992 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Energy Vault in the 4th quarter valued at about $33,000. Simplicity Solutions LLC acquired a new position in Energy Vault in the 4th quarter valued at about $33,000. Alpine Global Management LLC acquired a new position in Energy Vault in the 3rd quarter valued at about $38,000. Finally, First Citizens Bank & Trust Co. acquired a new position in Energy Vault in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, CMO Laurence Alexander sold 20,385 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $1.64, for a total transaction of $33,431.40. Following the completion of the sale, 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 filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 77,966 shares of company stock valued at $124,984. Insiders own 19.80% of the company’s stock.

Energy Vault Stock Performance

Shares of Energy Vault stock traded down $0.03 on Tuesday, reaching $1.27. 462,415 shares of the stock were exchanged, compared to its average volume of 877,427. The firm’s 50 day moving average is $1.58 and its 200-day moving average is $1.92. Energy Vault Holdings, Inc. has a one year low of $1.05 and a one year high of $3.55. The firm has a market cap of $186.79 million, a PE ratio of -1.87 and a beta of 0.58.

Energy Vault (NYSE:NRGV) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $118.24 million during the quarter, compared to the consensus estimate of $122.05 million. Energy Vault had a negative net margin of 28.82% and a negative return on equity of 40.42%. On average, equities research analysts expect that Energy Vault Holdings, Inc. will post -0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NRGV shares. Chardan Capital restated a “sell” rating and set a $0.75 target price (down previously from $7.00) on shares of Energy Vault in a research report on Monday, April 8th. Roth Capital restated a “buy” rating on shares of Energy Vault in a research report on Tuesday, January 16th. The Goldman Sachs Group decreased their target price on shares of Energy Vault from $1.70 to $1.50 and set a “sell” rating on the stock in a research report on Friday, March 22nd. TD Cowen decreased their target price on shares of Energy Vault from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. Finally, Roth Mkm started coverage on shares of Energy Vault in a research report on Tuesday, January 16th. They set a “buy” rating and a $4.00 target price on the stock. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, Energy Vault presently has an average rating of “Hold” and a consensus price target of $2.85.

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.