Blueshift Asset Management LLC Invests $176,000 in Fluence Energy, Inc. (NASDAQ:FLNC)

Blueshift Asset Management LLC acquired a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,110 shares of the company’s stock, valued at approximately $176,000.

A number of other large investors also recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in shares of Fluence Energy in the 3rd quarter valued at $74,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Fluence Energy in the fourth quarter worth about $79,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Fluence Energy during the third quarter valued at about $87,000. Morse Asset Management Inc bought a new stake in shares of Fluence Energy in the 3rd quarter valued at about $175,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Fluence Energy in the 3rd quarter worth approximately $212,000. Institutional investors own 53.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FLNC shares. Mizuho assumed coverage on shares of Fluence Energy in a report on Wednesday, March 5th. They issued an “outperform” rating and a $8.00 price target on the stock. Robert W. Baird restated a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. Baird R W cut Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays dropped their price target on Fluence Energy from $22.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup lowered their target price on shares of Fluence Energy from $24.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Fluence Energy has a consensus rating of “Hold” and a consensus price target of $14.34.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the transaction, the director now directly owns 75,861 shares of the company’s stock, valued at approximately $1,181,155.77. This represents a 15.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Julian Nebreda purchased 23,500 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $6.35 per share, with a total value of $149,225.00. Following the acquisition, the chief executive officer now owns 120,455 shares in the company, valued at $764,889.25. This represents a 24.24 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 89,000 shares of company stock valued at $655,365. Company insiders own 0.65% of the company’s stock.

Fluence Energy Stock Performance

FLNC opened at $5.38 on Friday. The stock has a market cap of $976.73 million, a P/E ratio of -107.60 and a beta of 2.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The firm has a fifty day moving average price of $9.24 and a 200 day moving average price of $15.98. Fluence Energy, Inc. has a 1 year low of $4.79 and a 1 year high of $26.12.

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

About Fluence Energy

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.