Insider Selling: Fluence Energy (NASDAQ:FLNC) SVP Sells 16,000 Shares of Stock

Fluence Energy, Inc. (NASDAQ:FLNCGet Free Report) SVP John Zahurancik sold 16,000 shares of the firm’s 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. This trade represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $22.03, for a total transaction of $351,907.22.

Fluence Energy Stock Performance

FLNC stock traded down $1.46 during trading on Wednesday, hitting $19.75. 8,025,459 shares of the company’s stock traded hands, compared to its average volume of 13,256,077. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of -54.86 and a beta of 2.77. Fluence Energy, Inc. has a 52 week low of $5.74 and a 52 week high of $33.51. The stock has a fifty day moving average price of $19.81 and a two-hundred day moving average price of $19.74. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85.

Fluence Energy (NASDAQ:FLNCGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping 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 company had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. During the same period last year, the firm posted ($0.24) EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

Hedge funds have recently made changes to their positions in the business. Dragoneer Investment Group LLC bought a new position in Fluence Energy in the 3rd quarter worth approximately $65,883,000. Goldman Sachs Group Inc. boosted its position in Fluence Energy by 189.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock worth $15,380,000 after acquiring an additional 2,076,668 shares during the period. Bank of America Corp DE boosted its position in Fluence Energy by 24.4% during the 1st quarter. Bank of America Corp DE now owns 3,085,730 shares of the company’s stock worth $42,460,000 after acquiring an additional 604,983 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Fluence Energy by 5,489.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock worth $60,247,000 after purchasing an additional 2,991,292 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of Fluence Energy by 65.2% in the fourth quarter. UBS Group AG now owns 2,625,878 shares of the company’s stock worth $51,940,000 after purchasing an additional 1,036,423 shares in the last quarter. Institutional investors own 53.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group lifted their target price on Fluence Energy from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Monday, May 11th. HSBC upgraded Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price target on the stock in a research report on Friday, May 8th. Weiss Ratings downgraded Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 8th. BMO Capital Markets restated a “market perform” rating and set a $15.00 price objective on shares of Fluence Energy in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded Fluence Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.47.

View Our Latest Analysis on FLNC

About Fluence Energy

(Get Free Report)

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.

Further Reading

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