Krishna Vanka Sells 20,633 Shares of Flux Power (NASDAQ:FLUX) Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Krishna Vanka sold 20,633 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $0.87, for a total transaction of $17,950.71. Following the sale, the chief executive officer owned 20,017 shares in the company, valued at $17,414.79. The trade was a 50.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flux Power Price Performance

NASDAQ FLUX opened at $0.75 on Wednesday. Flux Power Holdings, Inc. has a 1-year low of $0.74 and a 1-year high of $7.55. The company has a market capitalization of $16.02 million, a P/E ratio of -2.21 and a beta of 1.67. The business has a 50 day moving average price of $0.98 and a 200 day moving average price of $1.21.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.11). The company had revenue of $6.59 million for the quarter, compared to analyst estimates of $9.89 million. Flux Power had a negative return on equity of 502.31% and a negative net margin of 12.48%. On average, research analysts expect that Flux Power Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FLUX. Formidable Asset Management LLC boosted its stake in Flux Power by 0.4% during the 4th quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock valued at $3,992,000 after acquiring an additional 13,899 shares during the last quarter. State Street Corp grew its stake in Flux Power by 39.4% in the fourth quarter. State Street Corp now owns 49,568 shares of the company’s stock worth $63,000 after purchasing an additional 14,000 shares in the last quarter. Virtu Financial LLC bought a new stake in Flux Power in the third quarter valued at about $72,000. Geode Capital Management LLC raised its stake in Flux Power by 22.0% during the fourth quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after buying an additional 30,546 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Flux Power during the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FLUX shares. Zacks Research cut Flux Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Roth Capital reissued a “buy” rating on shares of Flux Power in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Flux Power in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Flux Power Company Profile

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.