Ahmed Pasha Acquires 15,500 Shares of Fluence Energy, Inc. (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) CFO Ahmed Pasha acquired 15,500 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were bought at an average cost of $6.48 per share, with a total value of $100,440.00. Following the purchase, the chief financial officer now owns 24,703 shares in the company, valued at approximately $160,075.44. The trade was a 168.42 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Fluence Energy Stock Up 4.0 %

Shares of Fluence Energy stock opened at $6.43 on Tuesday. The business has a 50-day moving average price of $14.36 and a 200 day moving average price of $17.88. Fluence Energy, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $26.12. The firm has a market cap of $1.16 billion, a P/E ratio of 49.46, a P/E/G ratio of 0.49 and a beta of 2.37.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. As a group, equities research analysts anticipate that Fluence Energy, Inc. will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLNC. Altshuler Shaham Ltd acquired a new stake in Fluence Energy during the fourth quarter worth about $34,000. US Bancorp DE raised its position in shares of Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after purchasing an additional 1,475 shares during the period. CWM LLC lifted its holdings in shares of Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Fluence Energy during the 3rd quarter valued at approximately $74,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in Fluence Energy in the fourth quarter worth $79,000. 53.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on FLNC. Canaccord Genuity Group dropped their price target on shares of Fluence Energy from $34.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Truist Financial dropped their price objective on Fluence Energy from $28.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Susquehanna reduced their target price on Fluence Energy from $23.00 to $10.00 and set a “positive” rating on the stock in a report on Wednesday, February 12th. Citigroup lowered their price target on Fluence Energy from $24.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Finally, BMO Capital Markets downgraded Fluence Energy from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $22.00 to $10.00 in a report on Tuesday, February 11th. 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. According to MarketBeat, Fluence Energy currently 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.