John Zahurancik Sells 15,974 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 15,974 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22. Following the sale, the senior vice president directly owned 71,171 shares in the company, valued at $1,567,897.13. This trade represents a 18.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Zahurancik also recently made the following trade(s):

• On Monday, June 22nd, John Zahurancik sold 16,000 shares of Fluence Energy stock. The stock was sold at an average price of $25.18, for a total value of $402,880.00.

Fluence Energy Trading Down 6.9%

Shares of FLNC stock traded down $1.46 during mid-day trading on Wednesday, hitting $19.75. The company’s stock had a trading volume of 8,025,459 shares, compared to its average volume of 13,256,077. The company has a market cap of $3.64 billion, a PE ratio of -54.86 and a beta of 2.77. 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’s fifty day simple moving average is $19.81 and its 200-day simple moving average is $19.74. Fluence Energy, Inc. has a 52 week low of $5.74 and a 52 week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Wednesday, May 6th. The company reported ($0.16) 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 company had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the prior year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts expect that Fluence Energy, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FLNC shares. Needham & Company LLC initiated coverage on shares of Fluence Energy in a research note on Friday, March 20th. They issued a “hold” rating for the company. Zacks Research raised shares of Fluence Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Guggenheim upgraded shares of Fluence Energy from a “sell” rating to a “neutral” rating in a report on Thursday, March 19th. Canaccord Genuity Group set a $28.00 price target on shares of Fluence Energy in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Fluence Energy from $12.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Fluence Energy presently has an average rating of “Hold” and a consensus price target of $19.47.

Institutional Trading of Fluence Energy

Several hedge funds have recently bought and sold shares of the business. Curio Wealth LLC bought a new stake in Fluence Energy during the 4th quarter valued at $31,000. State of Wyoming acquired a new position in shares of Fluence Energy during the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC grew its holdings in shares of Fluence Energy by 31.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,782 shares of the company’s stock valued at $38,000 after buying an additional 672 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Fluence Energy by 22.2% in the 4th quarter. GAMMA Investing LLC now owns 2,406 shares of the company’s stock worth $48,000 after acquiring an additional 437 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Fluence Energy in the 3rd quarter valued at about $48,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

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.