Insider Selling: Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Sells 7,467 Shares of Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Ronald F. Dutt sold 7,467 shares of Flux Power stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $1.67, for a total value of $12,469.89. Following the completion of the transaction, the chief executive officer now owns 54,698 shares of the company’s stock, valued at approximately $91,345.66. This trade represents a 12.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Flux Power Price Performance

Shares of FLUX traded down $0.01 during trading hours on Wednesday, reaching $1.63. 32,180 shares of the company traded hands, compared to its average volume of 82,412. The stock has a market capitalization of $27.19 million, a PE ratio of -3.20 and a beta of 1.29. The stock has a fifty day simple moving average of $1.62 and a 200 day simple moving average of $2.09. Flux Power Holdings, Inc. has a fifty-two week low of $1.15 and a fifty-two week high of $5.46. The company has a quick ratio of 0.37, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.

Flux Power (NASDAQ:FLUX) last released its earnings results on Wednesday, January 29th. The company reported ($0.17) EPS for the quarter. Flux Power had a negative net margin of 13.70% and a negative return on equity of 160.99%. As a group, research analysts predict that Flux Power Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

FLUX has been the topic of several research reports. HC Wainwright lowered their price objective on shares of Flux Power from $15.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Maxim Group reduced their price objective on Flux Power from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, February 3rd.

Institutional Trading of Flux Power

Institutional investors have recently modified their holdings of the company. HighTower Advisors LLC raised its holdings in shares of Flux Power by 176.8% during the 3rd quarter. HighTower Advisors LLC now owns 274,312 shares of the company’s stock valued at $834,000 after buying an additional 175,210 shares during the period. Jane Street Group LLC acquired a new stake in Flux Power in the third quarter valued at approximately $32,000. Park Edge Advisors LLC raised its stake in shares of Flux Power by 32.0% during the fourth quarter. Park Edge Advisors LLC now owns 103,192 shares of the company’s stock valued at $163,000 after purchasing an additional 25,000 shares during the period. Millennium Management LLC acquired a new position in shares of Flux Power during the fourth quarter worth $27,000. Finally, Tidal Investments LLC boosted its stake in shares of Flux Power by 8.0% in the fourth quarter. Tidal Investments LLC now owns 481,916 shares of the company’s stock valued at $761,000 after purchasing an additional 35,826 shares during the period. Hedge funds and other institutional investors own 37.96% of the company’s stock.

About Flux Power

Flux Power Holdings, Inc, through its subsidiary Flux Power, Inc, designs, develops, manufactures, and sells lithium-ion energy storage solutions for lift trucks, airport ground support equipment, and other industrial and commercial applications in the North America. It offers battery management system (BMS) that provides cell balancing, charging, discharging, monitoring, and communication between the pack and the forklift.