Blair William & Co. IL Purchases New Stake in Fluence Energy, Inc. (NASDAQ:FLNC)

Blair William & Co. IL acquired a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) in the 4th quarter, HoldingsChannel reports. The fund acquired 23,500 shares of the company’s stock, valued at approximately $373,000.

Several other large investors also recently made changes to their positions in the business. Prudential Financial Inc. boosted its position in Fluence Energy by 11.4% during the 4th quarter. Prudential Financial Inc. now owns 241,925 shares of the company’s stock worth $3,842,000 after purchasing an additional 24,800 shares during the period. Vanguard Group Inc. grew its stake in shares of Fluence Energy by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 6,252,320 shares of the company’s stock valued at $99,287,000 after buying an additional 110,256 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Fluence Energy during the 4th quarter worth approximately $273,000. KLP Kapitalforvaltning AS purchased a new position in Fluence Energy in the 4th quarter worth approximately $213,000. Finally, Blueshift Asset Management LLC acquired a new stake in Fluence Energy in the fourth quarter valued at approximately $176,000. Institutional investors and hedge funds own 53.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Roth Mkm downgraded shares of Fluence Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $6.50 in a research note on Wednesday, February 12th. Mizuho assumed coverage on Fluence Energy in a research note on Wednesday, March 5th. They set an “outperform” rating and a $8.00 target price for the company. Baird R W lowered Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Piper Sandler dropped their price objective on Fluence Energy from $20.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays reduced their target price on Fluence Energy from $22.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.98.

Fluence Energy Trading Down 0.2 %

Shares of NASDAQ FLNC opened at $4.31 on Friday. Fluence Energy, Inc. has a 12-month low of $3.63 and a 12-month high of $26.12. The company has a market cap of $782.48 million, a price-to-earnings ratio of -86.20 and a beta of 2.49. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock’s 50 day simple moving average is $7.25 and its 200 day simple moving average is $14.96.

Fluence Energy (NASDAQ:FLNC) last posted its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. Equities research analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other Fluence Energy news, Director Herman E. Bulls acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $6.53 per share, with a total value of $195,900.00. Following the acquisition, the director now directly owns 105,861 shares of the company’s stock, valued at $691,272.33. This represents a 39.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julian Nebreda bought 23,500 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the purchase, the chief executive officer now directly owns 120,455 shares in the company, valued at $764,889.25. This represents a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 79,000 shares of company stock worth $499,665. Insiders own 0.65% of the company’s stock.

About Fluence Energy

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.