Insider Selling: Fluence Energy (NASDAQ:FLNC) SVP Sells $351,907.22 in Stock

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 15,974 shares of Fluence Energy stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total transaction of $351,907.22. Following the sale, the senior vice president owned 71,171 shares of the company’s stock, valued at approximately $1,567,897.13. This represents a 18.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Zahurancik also recently made the following trade(s):

• On Monday, June 22nd, John Zahurancik sold 16,000 shares of Fluence Energy stock. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00.

Fluence Energy Trading Down 0.6%

Shares of NASDAQ FLNC opened at $19.27 on Friday. The company’s 50 day simple moving average is $19.98 and its 200 day simple moving average is $19.70. Fluence Energy, Inc. has a fifty-two week low of $6.06 and a fifty-two week high of $33.51. The firm has a market capitalization of $3.55 billion, a P/E ratio of -53.53 and a beta of 2.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. During the same period last year, the firm earned ($0.24) earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Fluence Energy, Inc. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

FLNC has been the subject of a number of analyst reports. Barclays decreased their price objective on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. HSBC raised Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Friday, May 8th. Guggenheim upgraded Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Citigroup boosted their target price on Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $15.00 price target on shares of Fluence Energy in a research note on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.47.

Institutional Trading of Fluence Energy

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Fluence Energy by 22.2% during the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after buying an additional 437 shares during the period. Nisa Investment Advisors LLC grew its stake in Fluence Energy by 17.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,970 shares of the company’s stock valued at $79,000 after acquiring an additional 586 shares during the period. EverSource Wealth Advisors LLC grew its stake in Fluence Energy by 31.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares during the period. Sei Investments Co. increased its holdings in shares of Fluence Energy by 4.5% in the first quarter. Sei Investments Co. now owns 16,222 shares of the company’s stock worth $223,000 after acquiring an additional 703 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its position in shares of Fluence Energy by 10.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 9,638 shares of the company’s stock worth $191,000 after purchasing an additional 935 shares during the period. Institutional investors own 53.16% of the company’s stock.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.