270,043 Shares in Fluence Energy, Inc. (NASDAQ:FLNC) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased 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 SEC. The firm purchased 270,043 shares of the company's stock, valued at approximately $4,288,000. ExodusPoint Capital Management LP owned approximately 0.15% of Fluence Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FLNC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fluence Energy by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 501,940 shares of the company's stock worth $11,399,000 after buying an additional 25,143 shares during the period. FMR LLC boosted its stake in Fluence Energy by 9.0% in the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company's stock worth $36,475,000 after purchasing an additional 132,868 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Fluence Energy by 2.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 161,207 shares of the company's stock worth $3,661,000 after purchasing an additional 3,395 shares during the period. Verition Fund Management LLC grew its position in Fluence Energy by 127.7% during the 3rd quarter. Verition Fund Management LLC now owns 54,545 shares of the company's stock worth $1,239,000 after purchasing an additional 30,586 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Fluence Energy by 28.6% during the 3rd quarter. HighTower Advisors LLC now owns 18,865 shares of the company's stock valued at $428,000 after purchasing an additional 4,190 shares during the period. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Stock Up 7.8 %

Shares of NASDAQ FLNC traded up $0.30 during mid-day trading on Friday, reaching $4.16. 4,023,017 shares of the company traded hands, compared to its average volume of 3,305,555. The company's fifty day moving average is $6.00 and its two-hundred day moving average is $14.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. Fluence Energy, Inc. has a fifty-two week low of $3.63 and a fifty-two week high of $26.12. The stock has a market cap of $755.24 million, a PE ratio of -83.20 and a beta of 2.48.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate 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%. On average, analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the purchase, the director now directly owns 115,861 shares in the company, valued at $626,808.01. This trade represents a 9.45 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julian Nebreda bought 23,500 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $6.35 per share, for a total transaction of $149,225.00. Following the acquisition, the chief executive officer now directly owns 120,455 shares in the company, valued at approximately $764,889.25. The trade was a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 79,000 shares of company stock worth $499,665 in the last quarter. 0.65% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FLNC. Piper Sandler lowered their price target on Fluence Energy from $20.00 to $10.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered Fluence Energy from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $14.00 to $7.00 in a research report on Friday. UBS Group downgraded Fluence Energy from a "buy" rating to a "neutral" rating and dropped their target price for the company from $28.00 to $8.00 in a report on Wednesday, February 12th. BMO Capital Markets cut 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 report on Tuesday, February 11th. Finally, Barclays reaffirmed an "equal weight" rating and set a $5.00 price objective (down from $9.00) on shares of Fluence Energy in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $12.79.

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.