Insider Selling: Fluence Energy (NASDAQ:FLNC) Major Shareholder Sells 2,867,172 Shares of Stock

Fluence Energy, Inc. (NASDAQ:FLNC) major shareholder Qatar Investment Authority sold 2,867,172 shares of Fluence Energy stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $21.00, for a total value of $60,210,612.00. Following the transaction, the insider owned 11,801,103 shares of the company’s stock, valued at $247,823,163. The trade was a 19.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Fluence Energy Stock Performance

Fluence Energy stock traded down $0.91 during midday trading on Monday, hitting $19.86. 4,972,341 shares of the company were exchanged, compared to its average volume of 6,819,162. The business has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $19.00. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 1.43. The firm has a market capitalization of $3.66 billion, a PE ratio of -54.85 and a beta of 2.62. Fluence Energy, Inc. has a fifty-two week low of $4.40 and a fifty-two week high of $33.51.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. The business had revenue of $464.89 million for the quarter, compared to analyst estimates of $614.93 million. Fluence Energy had a negative return on equity of 8.29% and a negative net margin of 1.62%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) EPS. On average, sell-side analysts forecast that Fluence Energy, Inc. will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on FLNC shares. Citigroup raised their price target on shares of Fluence Energy from $15.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday. Needham & Company LLC began coverage on shares of Fluence Energy in a research note on Friday, March 20th. They set a “hold” rating on the stock. Mizuho set a $13.00 target price on Fluence Energy in a research report on Friday, February 6th. UBS Group upped their price target on Fluence Energy from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $15.00 price target on shares of Fluence Energy in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.47.

Institutional Investors Weigh In On Fluence Energy

Several institutional investors have recently bought and sold shares of FLNC. Dragoneer Investment Group LLC purchased a new position in shares of Fluence Energy in the third quarter valued at approximately $65,883,000. Price T Rowe Associates Inc. MD lifted its holdings in Fluence Energy by 5,489.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,045,780 shares of the company’s stock valued at $60,247,000 after purchasing an additional 2,991,292 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Fluence Energy by 189.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,171,146 shares of the company’s stock valued at $15,380,000 after buying an additional 2,076,668 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Fluence Energy during the first quarter worth about $19,579,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Fluence Energy during the 3rd quarter valued at about $14,207,000. 53.16% of the stock is currently owned by institutional investors and hedge funds.

About Fluence Energy

Fluence Energy is a leading global provider of energy storage products and services, specializing in the deployment of advanced battery systems to support grid stability and renewable integration. The company develops, engineers and delivers turnkey energy storage solutions designed to optimize the reliability, efficiency and economic performance of power networks. By combining hardware, software and lifecycle services, Fluence addresses the growing need for flexible energy assets in an evolving electricity landscape.

The company’s core offerings include modular energy storage platforms that pair lithium-ion battery technology with control and optimization software.