Herman E. Bulls Buys 30,000 Shares of Fluence Energy, Inc. (NASDAQ:FLNC) Stock

Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) Director Herman E. Bulls bought 30,000 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $6.53 per share, with a total value of $195,900.00. Following the completion of the transaction, the director now owns 105,861 shares in the company, valued at approximately $691,272.33. The trade was a 39.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Fluence Energy Price Performance

Shares of NASDAQ:FLNC traded up $0.60 on Tuesday, hitting $7.03. The company's stock had a trading volume of 10,091,713 shares, compared to its average volume of 6,570,958. The company has a 50-day simple moving average of $14.36 and a 200 day simple moving average of $17.88. Fluence Energy, Inc. has a 1 year low of $6.05 and a 1 year high of $26.12. The company has a market capitalization of $1.27 billion, a PE ratio of 54.08, a PEG ratio of 0.49 and a beta of 2.37.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.15). Fluence Energy had a net margin of 0.89% and a return on equity of 4.10%. On average, equities research analysts expect that Fluence Energy, Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FLNC shares. Guggenheim lowered Fluence Energy from a "buy" rating to a "sell" rating and decreased their target price for the company from $26.00 to $6.00 in a research report on Tuesday, February 11th. Wolfe Research downgraded Fluence Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 12th. The Goldman Sachs Group cut their price target on Fluence Energy from $26.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. UBS Group downgraded 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. Finally, BMO Capital Markets downgraded Fluence Energy from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $22.00 to $10.00 in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fluence Energy presently has an average rating of "Hold" and an average price target of $14.64.

Hedge Funds Weigh In On Fluence Energy

Large investors have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Fluence Energy during the 4th quarter valued at about $34,000. US Bancorp DE raised its holdings in shares of Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company's stock valued at $38,000 after buying an additional 1,475 shares in the last quarter. CWM LLC raised its holdings in shares of Fluence Energy by 164.4% during the 3rd quarter. CWM LLC now owns 2,842 shares of the company's stock valued at $65,000 after buying an additional 1,767 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Fluence Energy during the 3rd quarter valued at about $74,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Fluence Energy during the 4th quarter valued at about $79,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

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.