Fluence Energy, Inc. (NASDAQ:FLNC) SVP Rebecca Boll Sells 19,706 Shares of Stock

Fluence Energy, Inc. (NASDAQ:FLNC – Get Rating) SVP Rebecca Boll sold 19,706 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $19.23, for a total transaction of $378,946.38. Following the completion of the sale, the senior vice president now owns 101,553 shares of the company’s stock, valued at $1,952,864.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fluence Energy Trading Up 0.7 %

Shares of FLNC opened at $20.74 on Tuesday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of -16.86 and a beta of 2.73. Fluence Energy, Inc. has a 52-week low of $4.96 and a 52-week high of $26.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.61 and a current ratio of 1.32. The stock has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $17.85.

Fluence Energy (NASDAQ:FLNC – Get Rating) last released its earnings results on Monday, December 12th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.14). The firm had revenue of $441.98 million for the quarter, compared to the consensus estimate of $361.90 million. Fluence Energy had a negative return on equity of 21.82% and a negative net margin of 7.52%. Analysts predict that Fluence Energy, Inc. will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluence Energy

Several institutional investors have recently modified their holdings of FLNC. Sandia Investment Management LP bought a new position in Fluence Energy during the 3rd quarter worth approximately $36,000. Point72 Hong Kong Ltd acquired a new stake in shares of Fluence Energy in the second quarter valued at approximately $39,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $45,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Fluence Energy in the third quarter valued at approximately $48,000. 19.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on FLNC. Credit Suisse Group reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Fluence Energy in a report on Monday, February 13th. Morgan Stanley boosted their price target on shares of Fluence Energy from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, January 10th. Seaport Res Ptn restated a “buy” rating on shares of Fluence Energy in a report on Wednesday, December 14th. Canaccord Genuity Group boosted their price target on shares of Fluence Energy from $25.00 to $31.00 and gave the company a “buy” rating in a report on Friday, February 10th. Finally, Evercore ISI boosted their price target on Fluence Energy to $24.00 in a research report on Wednesday, December 14th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Fluence Energy Company Profile

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