Fluence Energy (NASDAQ:FLNC) Trading Down 8.8% Following Insider Selling

Fluence Energy, Inc. (NASDAQ:FLNC)’s stock price was down 8.8% on Tuesday following insider selling activity. The stock traded as low as $18.18 and last traded at $17.8120. Approximately 1,103,919 shares changed hands during trading, a decline of 84% from the average daily volume of 6,866,244 shares. The stock had previously closed at $19.54.

Specifically, major shareholder Qatar Investment Authority sold 2,867,172 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $21.00, for a total transaction of $60,210,612.00. Following the completion of the transaction, the insider directly owned 11,801,103 shares in the company, valued at approximately $247,823,163. This represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

FLNC has been the topic of several research analyst reports. Bank of America set a $32.00 price objective on shares of Fluence Energy in a report on Tuesday, February 3rd. Canaccord Genuity Group set a $28.00 price target on shares of Fluence Energy in a research report on Friday, May 8th. BMO Capital Markets reissued a “market perform” rating and issued a $15.00 price target on shares of Fluence Energy in a research note on Wednesday, April 29th. Royal Bank Of Canada upped their price objective on shares of Fluence Energy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Finally, HSBC raised shares of Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 price objective for the company in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.47.

Fluence Energy Stock Performance

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 company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -48.25 and a beta of 2.62. The firm has a 50-day simple moving average of $15.50 and a two-hundred day simple moving average of $19.01.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping 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 business had revenue of $464.89 million for the quarter, compared to analysts’ expectations of $614.93 million. During the same quarter in the prior year, the company earned ($0.24) earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Fluence Energy

A number of hedge funds have recently added to or reduced their stakes in FLNC. Curio Wealth LLC acquired a new position in shares of Fluence Energy in the fourth quarter worth $31,000. State of Wyoming purchased a new stake in shares of Fluence Energy during the fourth quarter worth $36,000. EverSource Wealth Advisors LLC raised its stake in shares of Fluence Energy by 31.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Fluence Energy by 22.2% in the fourth quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock valued at $48,000 after purchasing an additional 437 shares during the period. Finally, Advisory Services Network LLC purchased a new position in Fluence Energy in the third quarter valued at $48,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

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.