Flux Power (NASDAQ:FLUX) Director Sells $29,064.56 in Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Michael Johnson sold 21,371 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $1.36, for a total value of $29,064.56. Following the sale, the director owned 4,127,309 shares in the company, valued at $5,613,140.24. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Michael Johnson also recently made the following trade(s):

• On Tuesday, March 17th, Michael Johnson sold 65,510 shares of Flux Power stock. The shares were sold at an average price of $1.27, for a total value of $83,197.70.

Flux Power Trading Down 1.6%

FLUX traded down $0.02 during trading on Wednesday, reaching $1.27. 173,825 shares of the company were exchanged, compared to its average volume of 300,371. The stock has a market cap of $27.10 million, a P/E ratio of -4.10 and a beta of 1.54. The firm has a 50 day moving average of $1.40 and a 200 day moving average of $2.26. Flux Power Holdings, Inc. has a 52 week low of $1.01 and a 52 week high of $7.55.

Flux Power (NASDAQ:FLUX) last issued its earnings results on Thursday, February 12th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.11. The company had revenue of $14.12 million during the quarter, compared to analyst estimates of $15.55 million. As a group, analysts forecast that Flux Power Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of Flux Power

A number of hedge funds and other institutional investors have recently modified their holdings of FLUX. Formidable Asset Management LLC raised its stake in shares of Flux Power by 4.2% in the 3rd quarter. Formidable Asset Management LLC now owns 3,129,157 shares of the company’s stock worth $11,703,000 after buying an additional 125,043 shares in the last quarter. Virtu Financial LLC bought a new position in Flux Power during the third quarter valued at about $72,000. JGP Wealth Management LLC bought a new position in Flux Power during the fourth quarter valued at about $74,000. Geode Capital Management LLC grew its holdings in Flux Power by 22.0% during the fourth quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock worth $215,000 after acquiring an additional 30,546 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Flux Power in the fourth quarter worth about $83,000. Institutional investors own 37.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FLUX. Zacks Research raised shares of Flux Power from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised Flux Power from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $8.00.

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.