Fluence Energy, Inc. (NASDAQ:FLNC) SVP Carolee Couch Sells 50,000 Shares

Fluence Energy, Inc. (NASDAQ:FLNC – Get Rating) SVP Carolee Couch sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $22.78, for a total transaction of $1,139,000.00. Following the completion of the transaction, the senior vice president now owns 1,200 shares in the company, valued at $27,336. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fluence Energy Stock Performance

NASDAQ:FLNC opened at $22.89 on Wednesday. The firm has a market cap of $4.02 billion, a PE ratio of -21.00 and a beta of 2.67. Fluence Energy, Inc. has a fifty-two week low of $8.11 and a fifty-two week high of $26.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 1.34. The business has a 50 day moving average price of $19.30 and a 200-day moving average price of $19.08.

Analyst Ratings Changes

Several research analysts recently weighed in on FLNC shares. Morgan Stanley upped their price objective on shares of Fluence Energy from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Monday, April 3rd. Credit Suisse Group restated an “outperform” rating and issued a $27.00 price objective on shares of Fluence Energy in a research report on Monday, February 13th. BMO Capital Markets upped their target price on Fluence Energy from $24.00 to $25.00 in a research note on Friday, May 12th. The Goldman Sachs Group upped their target price on Fluence Energy from $29.00 to $32.00 in a research note on Friday, May 12th. Finally, Canaccord Genuity Group upped their target price on Fluence Energy from $25.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, February 10th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.86.

Institutional Trading of Fluence Energy

A number of institutional investors have recently made changes to their positions in FLNC. Atticus Wealth Management LLC raised its holdings in shares of Fluence Energy by 43.9% during the first quarter. Atticus Wealth Management LLC now owns 1,640 shares of the company’s stock valued at $33,000 after acquiring an additional 500 shares in the last quarter. Quarry LP raised its holdings in shares of Fluence Energy by 342.2% during the first quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $49,000 after acquiring an additional 1,858 shares in the last quarter. Armstrong Advisory Group Inc. bought a new position in shares of Fluence Energy during the fourth quarter valued at approximately $43,000. Sandia Investment Management LP bought a new position in shares of Fluence Energy during the third quarter valued at approximately $36,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Fluence Energy during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 19.60% of the company’s stock.

About Fluence Energy

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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.