Michael Johnson Sells 65,510 Shares of Flux Power (NASDAQ:FLUX) Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Michael Johnson sold 65,510 shares of Flux Power stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $1.27, for a total transaction of $83,197.70. Following the completion of the transaction, the director directly owned 4,061,799 shares in the company, valued at approximately $5,158,484.73. The trade was a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 16th, Michael Johnson sold 21,371 shares of Flux Power stock. The shares were sold at an average price of $1.36, for a total transaction of $29,064.56.

Flux Power Stock Down 3.1%

Shares of FLUX stock opened at $1.23 on Friday. Flux Power Holdings, Inc. has a 12-month low of $1.01 and a 12-month high of $7.55. The firm has a fifty day moving average of $1.39 and a 200-day moving average of $2.25. The company has a market capitalization of $26.25 million, a price-to-earnings ratio of -3.97 and a beta of 1.54.

Flux Power (NASDAQ:FLUX) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $14.12 million during the quarter, compared to the consensus estimate of $15.55 million. On average, equities analysts expect that Flux Power Holdings, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Flux Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of Flux Power by 39.4% in the 4th quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after acquiring an additional 14,000 shares in the last quarter. XTX Topco Ltd bought a new stake in Flux Power during the fourth quarter worth about $64,000. Virtu Financial LLC bought a new stake in Flux Power during the third quarter worth about $72,000. JGP Wealth Management LLC acquired a new position in Flux Power during the fourth quarter valued at approximately $74,000. Finally, Renaissance Technologies LLC acquired a new position in Flux Power during the fourth quarter valued at 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.