Michael Johnson Sells 21,371 Shares of Flux Power (NASDAQ:FLUX) Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Michael Johnson sold 21,371 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $1.36, for a total transaction of $29,064.56. Following the transaction, the director directly owned 4,127,309 shares in the company, valued at $5,613,140.24. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Michael Johnson also recently made the following trade(s):

• On Tuesday, March 17th, Michael Johnson sold 65,510 shares of Flux Power stock. The stock was sold at an average price of $1.27, for a total transaction of $83,197.70.

Flux Power Stock Down 3.1%

Shares of NASDAQ:FLUX opened at $1.23 on Friday. The firm has a fifty day moving average of $1.39 and a two-hundred day moving average of $2.25. Flux Power Holdings, Inc. has a 12-month low of $1.01 and a 12-month high of $7.55. The firm has a market capitalization of $26.25 million, a P/E ratio of -3.97 and a beta of 1.54.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.11. The company had revenue of $14.12 million during the quarter, compared to analyst estimates of $15.55 million. Equities research analysts expect that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Zacks Research raised shares of Flux Power from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised Flux Power from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Flux Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Institutional Trading of Flux Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Flux Power by 22.0% in the fourth quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after acquiring an additional 30,546 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Flux Power during the 4th quarter worth about $152,000. Renaissance Technologies LLC acquired a new position in shares of Flux Power during the fourth quarter valued at about $83,000. Virtu Financial LLC bought a new stake in shares of Flux Power in the third quarter valued at about $72,000. Finally, XTX Topco Ltd bought a new position in Flux Power during the fourth quarter valued at about $64,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

Flux Power Company Profile

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.