Altshuler Shaham Ltd Sells 54,826 Shares of Fluence Energy, Inc. $FLNC

Altshuler Shaham Ltd reduced its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 54.6% during the 4th quarter, Holdings Channel reports. The firm owned 45,594 shares of the company’s stock after selling 54,826 shares during the period. Altshuler Shaham Ltd’s holdings in Fluence Energy were worth $902,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers boosted its position in shares of Fluence Energy by 207.4% in the 4th quarter. Cetera Investment Advisers now owns 80,192 shares of the company’s stock worth $1,586,000 after purchasing an additional 54,103 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Fluence Energy in the 4th quarter worth $2,702,000. Jain Global LLC bought a new position in shares of Fluence Energy in the 4th quarter worth $399,000. Sagefield Capital LP boosted its position in shares of Fluence Energy by 21.0% in the 4th quarter. Sagefield Capital LP now owns 76,899 shares of the company’s stock worth $1,521,000 after purchasing an additional 13,349 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in shares of Fluence Energy by 178.8% in the 4th quarter. Trexquant Investment LP now owns 916,017 shares of the company’s stock worth $18,119,000 after purchasing an additional 587,414 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors.

Insider Activity

In other Fluence Energy news, major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $21.00, for a total value of $60,210,612.00. Following the sale, the insider owned 11,801,103 shares of the company’s stock, valued at $247,823,163. This trade represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Heynitz Harald Von sold 5,000 shares of Fluence Energy stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.00, for a total value of $125,000.00. Following the completion of the sale, the director directly owned 58,550 shares in the company, valued at approximately $1,463,750. This represents a 7.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FLNC shares. Needham & Company LLC began coverage on Fluence Energy in a research report on Friday, March 20th. They issued a “hold” rating on the stock. Canaccord Genuity Group set a $28.00 target price on Fluence Energy in a report on Friday, May 8th. HSBC upgraded Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Friday, May 8th. Wall Street Zen lowered Fluence Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Barclays reduced their target price on Fluence Energy from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $19.47.

Fluence Energy Stock Performance

FLNC opened at $23.42 on Thursday. The business’s 50-day moving average price is $18.84 and its two-hundred day moving average price is $19.64. Fluence Energy, Inc. has a 1 year low of $5.42 and a 1 year high of $33.51. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of -65.05 and a beta of 2.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 0.91.

Fluence Energy (NASDAQ:FLNC) last released 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 return on equity of 8.29% and a negative net margin of 1.62%.The firm had revenue of $464.89 million for the quarter, compared to the consensus estimate of $614.93 million. During the same quarter last year, the business posted ($0.24) EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts expect that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

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.