Clarity Capital Partners LLC Sells 42,384 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

Clarity Capital Partners LLC decreased its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 75.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,642 shares of the company's stock after selling 42,384 shares during the period. Clarity Capital Partners LLC's holdings in Fluence Energy were worth $310,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FLNC. PARK CIRCLE Co bought a new stake in shares of Fluence Energy during the 2nd quarter worth $28,000. US Bancorp DE raised its holdings in Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company's stock worth $38,000 after buying an additional 1,475 shares during the period. CWM LLC boosted its holdings in shares of Fluence Energy by 164.4% in the third quarter. CWM LLC now owns 2,842 shares of the company's stock worth $65,000 after buying an additional 1,767 shares during the period. GAMMA Investing LLC raised its holdings in shares of Fluence Energy by 264.9% during the second quarter. GAMMA Investing LLC now owns 2,956 shares of the company's stock valued at $51,000 after acquiring an additional 2,146 shares during the period. Finally, Blue Trust Inc. purchased a new stake in shares of Fluence Energy in the 2nd quarter valued at approximately $58,000. Institutional investors own 53.16% of the company's stock.

Fluence Energy Stock Performance

FLNC traded up $0.27 on Tuesday, hitting $22.42. 1,659,031 shares of the company were exchanged, compared to its average volume of 2,191,638. The stock's fifty day moving average is $20.80 and its 200-day moving average is $19.34. The company has a market cap of $4.05 billion, a PE ratio of -110.15, a PEG ratio of 0.75 and a beta of 2.54. Fluence Energy, Inc. has a 12 month low of $12.74 and a 12 month high of $27.80.

Insider Activity

In other Fluence Energy news, Director Herman E. Bulls purchased 10,000 shares of Fluence Energy stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of $16.81 per share, for a total transaction of $168,100.00. Following the completion of the acquisition, the director now owns 65,861 shares of the company's stock, valued at approximately $1,107,123.41. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FLNC. Barclays reduced their target price on Fluence Energy from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on Fluence Energy from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Tuesday, July 16th. Truist Financial increased their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Royal Bank of Canada upgraded shares of Fluence Energy to a "moderate buy" rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group began coverage on Fluence Energy in a report on Wednesday, September 4th. They set a "buy" rating and a $26.00 price target for the company. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.11.

Fluence Energy Company 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.