201,000 Shares in Fluence Energy, Inc. (NASDAQ:FLNC) Bought by Susquehanna Advisors Group Inc.

Susquehanna Advisors Group Inc. bought a new position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 201,000 shares of the company's stock, valued at approximately $3,192,000. Susquehanna Advisors Group Inc. owned about 0.11% of Fluence Energy as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in Fluence Energy by 111.3% in the fourth quarter. Hsbc Holdings PLC now owns 19,621 shares of the company's stock valued at $313,000 after buying an additional 10,334 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Fluence Energy by 827.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock valued at $88,000 after purchasing an additional 4,921 shares during the period. Mirova acquired a new stake in shares of Fluence Energy in the fourth quarter valued at approximately $276,000. MetLife Investment Management LLC raised its holdings in shares of Fluence Energy by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 37,557 shares of the company's stock valued at $596,000 after buying an additional 2,718 shares during the last quarter. Finally, Covalis Capital LLP bought a new stake in Fluence Energy during the 4th quarter valued at $12,113,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Trading Up 6.9 %

NASDAQ FLNC traded up $0.27 during trading hours on Friday, hitting $4.18. The company's stock had a trading volume of 4,467,636 shares, compared to its average volume of 3,413,175. The stock has a fifty day moving average of $5.02 and a 200 day moving average of $13.02. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $26.12. The firm has a market capitalization of $758.87 million, a P/E ratio of -83.60 and a beta of 2.48.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts forecast that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls purchased 30,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $6.53 per share, with a total value of $195,900.00. Following the completion of the transaction, the director now directly owns 105,861 shares in the company, valued at $691,272.33. This trade represents a 39.55 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Ahmed Pasha acquired 15,500 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average price of $6.48 per share, with a total value of $100,440.00. Following the completion of the transaction, the chief financial officer now directly owns 24,703 shares in the company, valued at $160,075.44. This trade represents a 168.42 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 79,000 shares of company stock worth $499,665 in the last ninety days. Company insiders own 0.65% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Fluence Energy from $8.00 to $4.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays reiterated an "equal weight" rating and set a $5.00 price objective (down previously from $9.00) on shares of Fluence Energy in a research note on Tuesday, April 8th. Guggenheim cut their target price on Fluence Energy from $6.00 to $2.00 and set a "sell" rating for the company in a research report on Tuesday, April 15th. Jefferies Financial Group cut Fluence Energy from a "buy" rating to a "hold" rating and lowered their price target for the company from $22.00 to $15.00 in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group decreased their target price on Fluence Energy from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Fluence Energy presently has a consensus rating of "Hold" and a consensus target price of $10.95.

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.