Insider Selling: Fluence Energy (NASDAQ:FLNC) SVP Sells 15,974 Shares

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 15,974 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $22.03, for a total transaction of $351,907.22. Following the sale, the senior vice president directly owned 71,171 shares in the company, valued at approximately $1,567,897.13. The trade was a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Zahurancik also recently made the following trade(s):

• On Monday, June 22nd, John Zahurancik sold 16,000 shares of Fluence Energy stock. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00.

Fluence Energy Price Performance

Shares of FLNC traded down $1.46 during trading hours on Wednesday, reaching $19.75. The stock had a trading volume of 8,025,459 shares, compared to its average volume of 13,256,077. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. Fluence Energy, Inc. has a 12 month low of $5.74 and a 12 month high of $33.51. The stock has a market capitalization of $3.64 billion, a PE ratio of -54.86 and a beta of 2.77. The company’s 50-day moving average is $19.81 and its two-hundred day moving average is $19.74.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the previous year, the company posted ($0.24) EPS. Fluence Energy’s quarterly revenue was up 7.7% compared to the same quarter last year. Research analysts expect that Fluence Energy, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Fluence Energy

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in Fluence Energy by 1,441.8% in the first quarter. AQR Capital Management LLC now owns 900,674 shares of the company’s stock valued at $4,368,000 after acquiring an additional 842,257 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Fluence Energy in the 1st quarter worth approximately $109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fluence Energy by 2.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 118,559 shares of the company’s stock worth $575,000 after purchasing an additional 3,364 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Fluence Energy by 189.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after purchasing an additional 2,076,668 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Fluence Energy in the 1st quarter valued at $93,000. 53.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FLNC shares. Needham & Company LLC started coverage on Fluence Energy in a research note on Friday, March 20th. They issued a “hold” rating for the company. BMO Capital Markets reiterated a “market perform” rating and set a $15.00 target price on shares of Fluence Energy in a research report on Wednesday, April 29th. Barclays reduced their target price on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Canaccord Genuity Group set a $28.00 price target on shares of Fluence Energy in a research report on Friday, May 8th. Finally, Zacks Research raised shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.47.

Fluence Energy Company Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.