Julian Nebreda Buys 23,500 Shares of Fluence Energy, Inc. (NASDAQ:FLNC) Stock

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

Fluence Energy Stock Performance

NASDAQ:FLNC opened at $6.85 on Thursday. The stock’s 50-day simple moving average is $13.98 and its 200 day simple moving average is $17.75. The firm has a market capitalization of $1.24 billion, a PE ratio of -137.00 and a beta of 2.37. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. Fluence Energy, Inc. has a twelve month low of $6.05 and a twelve month high of $26.12.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts anticipate that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FLNC has been the topic of a number of research analyst reports. Susquehanna dropped their price target on Fluence Energy from $23.00 to $10.00 and set a “positive” rating on the stock in a research note on Wednesday, February 12th. Baird R W cut Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Truist Financial decreased their price objective on Fluence Energy from $28.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Citigroup decreased their price objective on Fluence Energy from $24.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Finally, Roth Capital lowered Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.64.

Institutional Trading of Fluence Energy

Several large investors have recently bought and sold shares of FLNC. CWM LLC boosted its stake in Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after buying an additional 1,767 shares in the last quarter. Blue Trust Inc. raised its position 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 purchasing an additional 1,502 shares during the last quarter. International Assets Investment Management LLC raised its position in Fluence Energy by 2,170.9% in the third quarter. International Assets Investment Management LLC now owns 10,787 shares of the company’s stock valued at $245,000 after purchasing an additional 10,312 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Fluence Energy in the third quarter valued at about $1,375,000. Finally, US Bancorp DE raised its position in Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after purchasing an additional 1,475 shares during the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

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.