Fluence Energy (NASDAQ:FLNC) SVP Sells $402,880.00 in Stock

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 16,000 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $25.18, for a total value of $402,880.00. Following the transaction, the senior vice president owned 87,145 shares in the company, valued at $2,194,311.10. The trade was a 15.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 23rd, John Zahurancik sold 15,974 shares of Fluence Energy stock. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22.

Fluence Energy Trading Down 0.6%

FLNC stock opened at $19.27 on Friday. Fluence Energy, Inc. has a 52 week low of $6.06 and a 52 week high of $33.51. The company has a market capitalization of $3.55 billion, a PE ratio of -53.53 and a beta of 2.77. The company’s 50-day simple moving average is $19.98 and its 200 day simple moving average is $19.70. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The business had revenue of $464.89 million during the quarter, compared to analysts’ expectations of $614.93 million. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.24) EPS. As a group, sell-side analysts anticipate that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FLNC. Legal & General Group Plc lifted its stake in Fluence Energy by 882.1% in the 4th quarter. Legal & General Group Plc now owns 738,898 shares of the company’s stock valued at $14,615,000 after purchasing an additional 663,660 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Fluence Energy during the third quarter worth $4,062,000. Dragoneer Investment Group LLC bought a new stake in shares of Fluence Energy during the third quarter worth $65,883,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Fluence Energy by 493.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 445,350 shares of the company’s stock worth $8,809,000 after buying an additional 370,350 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Fluence Energy by 65.2% during the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after buying an additional 1,036,423 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

FLNC has been the topic of a number of analyst reports. Citigroup increased their price target on Fluence Energy from $15.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Barclays cut their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. Susquehanna raised their price target on Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Wall Street Zen cut shares of Fluence Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Fluence Energy presently has an average rating of “Hold” and a consensus price target of $19.47.

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.