Fluence Energy (NASDAQ:FLNC) SVP John Zahurancik Sells 16,000 Shares

Fluence Energy, Inc. (NASDAQ:FLNC) SVP John Zahurancik sold 16,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $25.18, for a total transaction of $402,880.00. Following the completion of the transaction, the senior vice president directly owned 87,145 shares in the company, valued at approximately $2,194,311.10. This represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Zahurancik also recently made the following trade(s):

• On Tuesday, June 23rd, John Zahurancik sold 15,974 shares of Fluence Energy stock. The stock was sold at an average price of $22.03, for a total value of $351,907.22.

Fluence Energy Price Performance

Fluence Energy stock opened at $19.75 on Thursday. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -54.86 and a beta of 2.77. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 0.85. Fluence Energy, Inc. has a 12 month low of $5.74 and a 12 month high of $33.51. The stock’s 50 day moving average is $19.81 and its 200-day moving average is $19.74.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FLNC. The Goldman Sachs Group reissued a “buy” rating and issued a $22.00 target price on shares of Fluence Energy in a research report on Thursday, May 7th. Susquehanna raised their price target on shares of Fluence Energy from $23.00 to $25.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Wall Street Zen cut shares of Fluence Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of Fluence Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 8th. Finally, Roth Mkm upgraded shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.47.

Institutional Trading of Fluence Energy

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