Royce & Associates LP Invests $3.26 Million in Fluence Energy, Inc. (NASDAQ:FLNC)

Royce & Associates LP purchased a new position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 205,000 shares of the company’s stock, valued at approximately $3,255,000. Royce & Associates LP owned about 0.11% of Fluence Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd bought a new position in Fluence Energy in the 3rd quarter valued at about $74,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Fluence Energy in the 4th quarter valued at about $79,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Fluence Energy in the 3rd quarter valued at about $87,000. Morse Asset Management Inc bought a new position in Fluence Energy in the 3rd quarter valued at about $175,000. Finally, Victory Capital Management Inc. bought a new position in Fluence Energy in the 3rd quarter valued at about $212,000. Institutional investors own 53.16% of the company’s stock.

Insider Buying and Selling

In other news, CFO Ahmed Pasha acquired 15,500 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of $6.48 per share, for a total transaction of $100,440.00. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Herman E. Bulls purchased 30,000 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $6.53 per share, for a total transaction of $195,900.00. Following the acquisition, the director now owns 105,861 shares of the company’s stock, valued at approximately $691,272.33. The trade was a 39.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 89,000 shares of company stock worth $655,365. Insiders own 0.65% of the company’s stock.

Fluence Energy Price Performance

NASDAQ FLNC opened at $5.66 on Thursday. The company has a 50 day simple moving average of $9.68 and a 200-day simple moving average of $16.15. 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 firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -113.20 and a beta of 2.49. Fluence Energy, Inc. has a 52-week low of $4.79 and a 52-week high of $26.12.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FLNC. Baird R W lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Guggenheim lowered shares of Fluence Energy from a “buy” rating to a “sell” rating and reduced their price objective for the company from $26.00 to $6.00 in a research report on Tuesday, February 11th. Truist Financial reduced their price objective on shares of Fluence Energy from $28.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Barclays reduced their price objective on shares of Fluence Energy from $22.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, Mizuho started coverage on shares of Fluence Energy in a research report on Wednesday, March 5th. They set an “outperform” rating and a $8.00 price objective for the company. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Fluence Energy presently has an average rating of “Hold” and a consensus 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.