Insider Selling: Fluence Energy (NASDAQ:FLNC) Director Sells 5,000 Shares of Stock

Fluence Energy, Inc. (NASDAQ:FLNC) Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the completion of the transaction, the director directly owned 58,550 shares of the company’s stock, valued at approximately $1,463,750. This represents a 7.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Heynitz Harald Von also recently made the following trade(s):

• On Wednesday, March 18th, Heynitz Harald Von sold 10,000 shares of Fluence Energy stock. The shares were sold at an average price of $16.50, for a total transaction of $165,000.00.

Fluence Energy Stock Performance

Shares of FLNC traded down $0.26 during midday trading on Tuesday, hitting $23.92. 10,720,115 shares of the stock traded hands, compared to its average volume of 8,053,864. Fluence Energy, Inc. has a 1-year low of $5.32 and a 1-year high of $33.51. The firm has a market capitalization of $4.41 billion, a PE ratio of -66.44 and a beta of 2.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The business’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $19.57.

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

Institutional Investors Weigh In On Fluence Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Curio Wealth LLC bought a new stake in Fluence Energy in the fourth quarter worth about $31,000. State of Wyoming bought a new stake in Fluence Energy in the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC raised its position in Fluence Energy by 31.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $38,000 after acquiring an additional 672 shares in the last quarter. GAMMA Investing LLC raised its position in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after acquiring an additional 437 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Fluence Energy in the third quarter worth about $48,000. 53.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings cut shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 8th. HSBC upgraded shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Friday, May 8th. Barclays cut their price objective on shares of Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. The Goldman Sachs Group restated a “buy” rating and set a $22.00 price objective on shares of Fluence Energy in a research note on Thursday, May 7th. Finally, Needham & Company LLC assumed coverage on shares of Fluence Energy in a research note on Friday, March 20th. They set a “hold” rating on the stock. 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. Based on data from MarketBeat, Fluence Energy currently has an average rating of “Hold” and a consensus price target of $19.47.

About Fluence Energy

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.