Fluence Energy, Inc. (NASDAQ:FLNC) CFO Buys $100,440.00 in Stock

Fluence Energy, Inc. (NASDAQ:FLNC) CFO Ahmed Pasha acquired 15,500 shares of the stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of $6.48 per share, for a total transaction of $100,440.00. Following the completion of the purchase, the chief financial officer now directly owns 24,703 shares in the company, valued at $160,075.44. The trade was a 168.42 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Fluence Energy Stock Performance

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

Fluence Energy (NASDAQ:FLNC) last posted 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 anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Fluence Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy during the 4th quarter worth approximately $34,000. US Bancorp DE lifted its holdings in shares of Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after acquiring an additional 1,475 shares during the period. CWM LLC lifted its holdings in shares of Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after acquiring an additional 1,767 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Fluence Energy during the 3rd quarter worth approximately $74,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Fluence Energy during the 4th quarter worth approximately $79,000. Institutional investors own 53.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on FLNC. UBS Group lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $28.00 to $8.00 in a research note on Wednesday, February 12th. Truist Financial lowered their price objective on shares of Fluence Energy from $28.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Roth Mkm lowered shares of Fluence Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $6.50 in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their price objective on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of Fluence Energy in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average 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.