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

Flux Power Holdings, Inc. (NASDAQ:FLUX) CEO Krishna Vanka sold 20,633 shares of the stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $0.87, for a total value of $17,950.71. Following the completion of the sale, the chief executive officer directly owned 20,017 shares of the company’s stock, valued at approximately $17,414.79. The trade was a 50.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Flux Power Stock Performance

FLUX traded down $0.02 during trading on Tuesday, reaching $0.80. 26,620 shares of the stock were exchanged, compared to its average volume of 213,025. The stock has a market cap of $17.02 million, a P/E ratio of -2.29 and a beta of 1.67. Flux Power Holdings, Inc. has a twelve month low of $0.77 and a twelve month high of $7.55. The stock’s 50 day moving average price is $0.99 and its two-hundred day moving average price is $1.21.

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

Analyst Upgrades and Downgrades

FLUX has been the subject of a number of recent analyst reports. Roth Capital reaffirmed a “buy” rating on shares of Flux Power in a research report on Friday, May 8th. Zacks Research lowered Flux Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Flux Power in a research note 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 stock. According to data from MarketBeat.com, Flux Power presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FLUX. Virtu Financial LLC bought a new stake in shares of Flux Power during the third quarter worth approximately $72,000. JGP Wealth Management LLC bought a new position in shares of Flux Power during the fourth quarter worth approximately $74,000. Formidable Asset Management LLC increased its stake in shares of Flux Power by 0.4% during the fourth quarter. Formidable Asset Management LLC now owns 3,143,056 shares of the company’s stock worth $3,992,000 after purchasing an additional 13,899 shares during the period. Geode Capital Management LLC lifted its holdings in Flux Power by 22.0% during the 4th quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after purchasing an additional 30,546 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Flux Power during the 4th quarter worth approximately $83,000. 37.96% of the stock is owned by institutional investors.

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.