Fluence Energy, Inc. (NASDAQ:FLNC) Shares Purchased by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 46.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,382 shares of the company’s stock after purchasing an additional 102,861 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.18% of Fluence Energy worth $5,119,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its position in shares of Fluence Energy by 676.6% during the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after purchasing an additional 1,475 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Fluence Energy during the third quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fluence Energy during the third quarter worth $87,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Fluence Energy during the fourth quarter worth $79,000. Finally, Morse Asset Management Inc acquired a new position in shares of Fluence Energy during the third quarter worth $175,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Julian Nebreda acquired 23,500 shares of Fluence Energy stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $6.35 per share, with a total value of $149,225.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,455 shares of the company’s stock, valued at $764,889.25. This trade represents a 24.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Herman E. Bulls acquired 30,000 shares of Fluence Energy stock in a transaction that occurred on Thursday, February 13th. The stock was bought 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 approximately $691,272.33. This trade represents a 39.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 89,000 shares of company stock valued at $655,365 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Fluence Energy Stock Down 1.1 %

Fluence Energy stock opened at $5.22 on Friday. The company has a 50-day simple moving average of $10.64 and a 200-day simple moving average of $16.53. The firm has a market capitalization of $947.69 million, a P/E ratio of -104.40 and a beta of 2.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. Fluence Energy, Inc. has a one year low of $4.79 and a one year high of $26.12.

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

Analysts Set New Price Targets

FLNC has been the topic of a number of recent research reports. Roth Mkm cut shares of Fluence Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $6.50 in a research report on Wednesday, February 12th. Robert W. Baird restated a “neutral” rating and issued a $20.00 price target (down previously from $24.00) on shares of Fluence Energy in a research note on Wednesday, December 18th. Royal Bank of Canada lowered shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $25.00 to $7.00 in a research note on Wednesday, February 12th. Truist Financial dropped their price target on shares of Fluence Energy from $28.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Wolfe Research lowered shares of Fluence Energy from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Fluence Energy currently has an average rating of “Hold” and an average target price of $14.34.

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.