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

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Michael Johnson sold 21,371 shares of Flux Power stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $1.36, for a total value of $29,064.56. Following the completion of the transaction, the director directly owned 4,127,309 shares in the company, valued at approximately $5,613,140.24. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Flux Power Stock Performance

Shares of FLUX traded down $0.05 during mid-day trading on Thursday, hitting $1.22. The company’s stock had a trading volume of 68,369 shares, compared to its average volume of 348,601. The stock’s 50-day moving average is $1.40 and its two-hundred day moving average is $2.26. The firm has a market capitalization of $26.01 million, a PE ratio of -3.92 and a beta of 1.54. Flux Power Holdings, Inc. has a one year low of $1.01 and a one year high of $7.55.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Flux Power from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded Flux Power from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flux Power in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Flux Power has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Institutional Investors Weigh In On Flux Power

Institutional investors and hedge funds have recently bought and sold shares of the business. Formidable Asset Management LLC lifted its holdings in shares of Flux Power by 0.4% during the 4th quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock worth $3,992,000 after acquiring an additional 13,899 shares during the period. Geode Capital Management LLC increased its stake in Flux Power by 22.0% in the fourth quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after acquiring an additional 30,546 shares during the period. Quadrature Capital Ltd bought a new stake in Flux Power in the fourth quarter valued at about $152,000. Renaissance Technologies LLC acquired a new position in Flux Power in the fourth quarter worth about $83,000. Finally, JGP Wealth Management LLC acquired a new position in Flux Power in the fourth quarter worth about $74,000. Institutional investors own 37.96% of the company’s stock.

About Flux Power

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.