Blueshift Asset Management LLC Makes New Investment in Fluence Energy, Inc. (NASDAQ:FLNC)

Blueshift Asset Management LLC purchased a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,110 shares of the company’s stock, valued at approximately $176,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. bought a new position in Fluence Energy in the 3rd quarter worth $212,000. Quest Partners LLC raised its stake in shares of Fluence Energy by 337.4% in the third quarter. Quest Partners LLC now owns 28,095 shares of the company’s stock worth $638,000 after buying an additional 21,672 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Fluence Energy by 39.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 35,948 shares of the company’s stock valued at $816,000 after buying an additional 10,144 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of Fluence Energy during the 3rd quarter valued at approximately $404,000. Finally, Intech Investment Management LLC purchased a new stake in Fluence Energy in the 3rd quarter worth approximately $309,000. Hedge funds and other institutional investors own 53.16% of the company’s stock.

Fluence Energy Trading Down 0.9 %

Shares of FLNC opened at $5.38 on Friday. Fluence Energy, Inc. has a twelve month low of $4.79 and a twelve month high of $26.12. 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’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $15.98. The company has a market cap of $976.73 million, a P/E ratio of -107.60 and a beta of 2.49.

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

Analyst Ratings Changes

FLNC has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. UBS Group lowered Fluence Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $28.00 to $8.00 in a research note on Wednesday, February 12th. Wolfe Research downgraded Fluence Energy from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, February 12th. Morgan Stanley cut their target price on Fluence Energy from $20.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Guggenheim cut Fluence Energy from a “buy” rating to a “sell” rating and lowered their price target for the stock from $26.00 to $6.00 in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.34.

Insider Buying and Selling at Fluence Energy

In related news, CEO Julian Nebreda purchased 23,500 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the completion of the acquisition, the chief executive officer now owns 120,455 shares in the company, valued at approximately $764,889.25. This trade represents a 24.24 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Herman E. Bulls acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $5.41 per share, with a total value of $54,100.00. Following the acquisition, the director now directly owns 115,861 shares in the company, valued at $626,808.01. This represents a 9.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 89,000 shares of company stock valued at $655,365 in the last quarter. 0.65% of the stock is owned by insiders.

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.