Fluence Energy, Inc. (NASDAQ:FLNC) Stock Holdings Lifted by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 31.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,331 shares of the company’s stock after purchasing an additional 5,560 shares during the period. Jones Financial Companies Lllp’s holdings in Fluence Energy were worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. US Bancorp DE increased its holdings in Fluence Energy by 676.6% in the third 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 last quarter. Point72 DIFC Ltd bought a new stake in Fluence Energy in the third quarter worth approximately $74,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Fluence Energy during the 4th quarter worth $79,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Fluence Energy during the 3rd quarter worth $87,000. Finally, Morse Asset Management Inc bought a new position in shares of Fluence Energy during the 3rd quarter valued at $175,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

Fluence Energy Stock Up 0.2 %

FLNC stock opened at $5.38 on Wednesday. Fluence Energy, Inc. has a twelve month low of $4.79 and a twelve month high of $26.12. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. The company has a market cap of $976.73 million, a PE ratio of -107.60 and a beta of 2.50. The business’s 50-day simple moving average is $11.08 and its 200 day simple moving average is $16.69.

Fluence Energy (NASDAQ:FLNC) last announced its quarterly earnings data 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 negative return on equity of 0.36% and a negative net margin of 0.08%. On average, research analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Fluence Energy from $24.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group lowered their price objective on Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Baird R W downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 target price (down previously from $24.00) on shares of Fluence Energy in a research report on Wednesday, December 18th. Finally, Truist Financial dropped their price target on shares of Fluence Energy from $28.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.34.

Insiders Place Their Bets

In other Fluence Energy news, CEO Julian Nebreda acquired 23,500 shares of Fluence Energy stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $6.35 per share, with a total value of $149,225.00. Following the acquisition, the chief executive officer now owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. The trade was a 24.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herman E. Bulls bought 30,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $6.53 per share, for a total transaction of $195,900.00. Following the purchase, the director now owns 105,861 shares of the company’s stock, valued at $691,272.33. This trade represents a 39.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 89,000 shares of company stock worth $655,365 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.

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.