John Zahurancik Sells 16,000 Shares of Fluence Energy (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 16,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the transaction, the senior vice president owned 87,145 shares of the company’s stock, valued at $2,194,311.10. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Zahurancik also recently made the following trade(s):

• On Tuesday, June 23rd, John Zahurancik sold 15,974 shares of Fluence Energy stock. The shares were sold at an average price of $22.03, for a total transaction of $351,907.22.

Fluence Energy Stock Down 1.9%

Shares of Fluence Energy stock opened at $19.38 on Friday. The firm’s 50 day moving average price is $19.90 and its 200-day moving average price is $19.70. The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. Fluence Energy, Inc. has a 52-week low of $6.06 and a 52-week high of $33.51. The company has a market cap of $3.57 billion, a P/E ratio of -53.83 and a beta of 2.77.

Fluence Energy (NASDAQ:FLNC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Fluence Energy had a negative net margin of 1.62% and a negative return on equity of 8.29%. The firm had revenue of $464.89 million during the quarter, compared to analyst estimates of $614.93 million. During the same quarter in the previous year, the business posted ($0.24) EPS. Fluence Energy’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that Fluence Energy, Inc. will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Fluence Energy

Several hedge funds have recently made changes to their positions in the company. Dragoneer Investment Group LLC acquired a new stake in Fluence Energy during the 3rd quarter worth about $65,883,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Fluence Energy by 5,489.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after purchasing an additional 2,991,292 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after purchasing an additional 2,076,668 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Fluence Energy in the first quarter worth about $19,579,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Fluence Energy in the third quarter worth about $14,207,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Roth Mkm upgraded Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, May 8th. HSBC upgraded Fluence Energy from a “reduce” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on Fluence Energy from $12.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. UBS Group raised their price target on Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their price target on Fluence Energy from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.47.

Fluence Energy Company Profile

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.