Union Bancaire Privee UBP SA Takes Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Union Bancaire Privee UBP SA purchased a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,980 shares of the company’s stock, valued at approximately $340,000.

Other institutional investors also recently bought and sold shares of the company. Erste Asset Management GmbH bought a new position in shares of Fluence Energy during the third quarter valued at approximately $22,059,000. Point72 Asset Management L.P. purchased a new position in Fluence Energy during the 3rd quarter valued at $21,809,000. Principal Financial Group Inc. bought a new position in Fluence Energy in the 3rd quarter valued at $5,742,000. Zimmer Partners LP purchased a new stake in Fluence Energy in the third quarter worth $5,678,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Fluence Energy by 73.7% during the third quarter. JPMorgan Chase & Co. now owns 536,184 shares of the company’s stock worth $12,177,000 after purchasing an additional 227,549 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on FLNC shares. Barclays cut their price target on shares of Fluence Energy from $22.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Susquehanna reduced their target price on shares of Fluence Energy from $23.00 to $10.00 and set a “positive” rating on the stock in a research report on Wednesday, February 12th. Jefferies Financial Group lowered Fluence Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from $22.00 to $15.00 in a report on Wednesday, January 22nd. UBS Group cut Fluence Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $28.00 to $8.00 in a research note on Wednesday, February 12th. Finally, BNP Paribas raised Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 target price for the company in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fluence Energy has a consensus rating of “Hold” and an average price target of $14.64.

Insider Buying and Selling

In other news, CEO Julian Nebreda acquired 23,500 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $6.35 per share, with a total value of $149,225.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Herman E. Bulls bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $15.57 per share, with a total value of $155,700.00. Following the acquisition, the director now directly owns 75,861 shares of the company’s stock, valued at approximately $1,181,155.77. This trade represents a 15.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 79,000 shares of company stock worth $601,265 in the last three months. Corporate insiders own 0.65% of the company’s stock.

Fluence Energy Stock Performance

Shares of FLNC stock opened at $6.59 on Tuesday. 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 company has a market cap of $1.20 billion, a PE ratio of -131.80 and a beta of 2.37. Fluence Energy, Inc. has a 12-month low of $6.05 and a 12-month high of $26.12. The business’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $17.61.

Fluence Energy (NASDAQ:FLNC) last announced its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Fluence Energy 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.