Ahmed Pasha Acquires 15,500 Shares of Fluence Energy, Inc. (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) CFO Ahmed Pasha purchased 15,500 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was acquired at an average cost of $6.48 per share, for a total transaction of $100,440.00. Following the completion of the purchase, the chief financial officer now owns 24,703 shares of the company’s stock, valued at approximately $160,075.44. This represents a 168.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Fluence Energy Price Performance

Shares of FLNC opened at $6.85 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The stock has a market cap of $1.24 billion, a PE ratio of -137.00 and a beta of 2.37. The firm has a 50-day simple moving average of $13.98 and a two-hundred day simple moving average of $17.75. Fluence Energy, Inc. has a 1-year low of $6.05 and a 1-year high of $26.12.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data 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 net margin of 0.08% and a negative return on equity of 0.36%. As a group, analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FLNC. Barclays decreased their price target on shares of Fluence Energy from $22.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. BNP Paribas raised shares of Fluence Energy from an “underperform” rating to a “neutral” rating and set a $22.00 price target on the stock in a research note on Friday, November 8th. BMO Capital Markets downgraded shares of Fluence Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $22.00 to $10.00 in a research note on Tuesday, February 11th. Bank of America downgraded shares of Fluence Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $8.00 in a research note on Thursday, February 13th. Finally, Baird R W cut shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.64.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FLNC. Altshuler Shaham Ltd purchased a new position in Fluence Energy in the fourth quarter worth approximately $34,000. US Bancorp DE lifted its stake in Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock worth $38,000 after acquiring an additional 1,475 shares during the last quarter. CWM LLC lifted its stake in Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after acquiring an additional 1,767 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Fluence Energy during the 3rd quarter worth approximately $74,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Fluence Energy during the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 53.16% 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.