27,287 Shares in Fluence Energy, Inc. (NASDAQ:FLNC) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 27,287 shares of the company’s stock, valued at approximately $433,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Householder Group Estate & Retirement Specialist LLC bought a new stake in Fluence Energy during the fourth quarter worth $79,000. Morse Asset Management Inc purchased a new position in shares of Fluence Energy in the 3rd quarter worth about $175,000. Blueshift Asset Management LLC bought a new position in Fluence Energy during the fourth quarter valued at about $176,000. KLP Kapitalforvaltning AS purchased a new stake in Fluence Energy during the fourth quarter worth about $213,000. Finally, Mezzasalma Advisors LLC bought a new stake in Fluence Energy in the fourth quarter worth about $221,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 9.1 %

NASDAQ FLNC opened at $3.90 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. The stock’s 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $14.54. Fluence Energy, Inc. has a twelve month low of $3.63 and a twelve month high of $26.12. The company has a market capitalization of $708.04 million, a price-to-earnings ratio of -78.00 and a beta of 2.48.

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

Insider Activity

In other Fluence Energy news, Director Herman E. Bulls purchased 10,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $5.41 per share, with a total value of $54,100.00. Following the completion of the purchase, the director now directly owns 115,861 shares of the company’s stock, valued at approximately $626,808.01. This trade represents a 9.45 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Julian Nebreda purchased 23,500 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $6.35 per share, with a total value of $149,225.00. Following the completion of the transaction, the chief executive officer now owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. This trade 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 acquired 79,000 shares of company stock valued at $499,665. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

FLNC has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Fluence Energy from $24.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. Canaccord Genuity Group lowered their target price on Fluence Energy from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Roth Mkm lowered Fluence Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $6.50 in a report on Wednesday, February 12th. Roth Capital downgraded shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley reduced their target price on shares of Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.79.

Fluence Energy Company Profile

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.