Fluence Energy, Inc. (NASDAQ:FLNC) CEO Purchases $149,225.00 in Stock

Fluence Energy, Inc. (NASDAQ:FLNC) CEO Julian Nebreda purchased 23,500 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $6.35 per share, with a total value of $149,225.00. Following the completion of the transaction, the chief executive officer now owns 120,455 shares of the company’s stock, valued at $764,889.25. This represents a 24.24 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Fluence Energy Price Performance

Fluence Energy stock opened at $7.36 on Friday. The stock has a 50-day moving average price of $13.78 and a two-hundred day moving average price of $17.68. Fluence Energy, Inc. has a 12 month low of $6.05 and a 12 month high of $26.12. The company has a market capitalization of $1.34 billion, a PE ratio of -147.20 and a beta of 2.37. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. Analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Duff & Phelps Investment Management Co. boosted its holdings in Fluence Energy by 5.6% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock valued at $432,000 after acquiring an additional 1,432 shares during the last quarter. US Bancorp DE increased its position in shares of Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after buying an additional 1,475 shares during the period. Lazard Freres Gestion S.A.S. lifted its holdings in Fluence Energy by 7.3% in the fourth quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock valued at $352,000 after buying an additional 1,500 shares during the period. Blue Trust Inc. lifted its holdings in Fluence Energy by 45.3% in the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock valued at $109,000 after buying an additional 1,502 shares during the period. Finally, KBC Group NV grew its holdings in Fluence Energy by 1.6% during the 4th quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after acquiring an additional 1,671 shares during the period. 53.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FLNC. Roth Capital cut Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Robert W. Baird reaffirmed a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. Jefferies Financial Group downgraded shares of Fluence Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $22.00 to $15.00 in a research note on Wednesday, January 22nd. Guggenheim lowered shares of Fluence Energy from a “buy” rating to a “sell” rating and decreased their target price for the company from $26.00 to $6.00 in a report on Tuesday, February 11th. Finally, Roth Mkm downgraded shares of Fluence Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $6.50 in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.64.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.