Versor Investments LP Acquires Shares of 34,400 Fluence Energy, Inc. (NASDAQ:FLNC)

Versor Investments LP bought a new position in Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,400 shares of the company’s stock, valued at approximately $546,000.

A number of other institutional investors have also recently made changes to their positions in FLNC. Sanders Morris Harris LLC purchased a new position in Fluence Energy in the 4th quarter worth approximately $812,000. Cidel Asset Management Inc. bought a new stake in shares of Fluence Energy in the 4th quarter worth $350,000. SG Americas Securities LLC raised its stake in shares of Fluence Energy by 79.2% in the fourth quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock worth $776,000 after purchasing an additional 21,597 shares during the last quarter. FMR LLC lifted its holdings in shares of Fluence Energy by 9.0% during the third quarter. FMR LLC now owns 1,606,100 shares of the company’s stock valued at $36,475,000 after purchasing an additional 132,868 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Fluence Energy during the third quarter valued at $5,742,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Price Performance

NASDAQ FLNC opened at $5.72 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Fluence Energy, Inc. has a 12 month low of $5.55 and a 12 month high of $26.12. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -114.40 and a beta of 2.37. The company’s 50 day moving average is $12.59 and its two-hundred day moving average is $17.31.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data on Monday, February 10th. The company reported ($0.32) EPS 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%. As a group, research analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls purchased 10,000 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $15.57 per share, for a total transaction of $155,700.00. Following the purchase, the director now directly owns 75,861 shares of the company’s stock, valued at $1,181,155.77. This trade represents a 15.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Julian Nebreda acquired 23,500 shares of Fluence Energy stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $6.35 per share, for a total transaction of $149,225.00. Following the transaction, the chief executive officer now owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. The trade was a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 79,000 shares of company stock valued at $601,265 over the last ninety days. 0.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wolfe Research lowered Fluence Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 12th. The Goldman Sachs Group decreased their price objective on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Morgan Stanley dropped their target price on shares of Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Baird R W lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group lowered their price target on Fluence Energy from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.