Fluence Energy, Inc. (NASDAQ:FLNC) Shares Bought by Jump Financial LLC

Jump Financial LLC lifted its holdings in Fluence Energy, Inc. (NASDAQ:FLNCFree Report) by 60.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,875 shares of the company’s stock after buying an additional 9,352 shares during the quarter. Jump Financial LLC’s holdings in Fluence Energy were worth $572,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Trium Capital LLP lifted its position in shares of Fluence Energy by 24.8% in the 3rd quarter. Trium Capital LLP now owns 9,710 shares of the company’s stock worth $223,000 after buying an additional 1,928 shares during the last quarter. Flputnam Investment Management Co. bought a new stake in Fluence Energy in the 3rd quarter valued at about $206,000. Signaturefd LLC lifted its position in Fluence Energy by 6,126.1% in the 3rd quarter. Signaturefd LLC now owns 6,911 shares of the company’s stock valued at $159,000 after purchasing an additional 6,800 shares during the last quarter. SCP Investment LP lifted its position in Fluence Energy by 31.3% in the 3rd quarter. SCP Investment LP now owns 16,800 shares of the company’s stock valued at $386,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Money Concepts Capital Corp lifted its position in Fluence Energy by 21.0% in the 3rd quarter. Money Concepts Capital Corp now owns 15,705 shares of the company’s stock valued at $361,000 after purchasing an additional 2,725 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Stock Up 3.9 %

Fluence Energy stock opened at $22.43 on Friday. The firm has a market cap of $3.98 billion, a PE ratio of -42.32 and a beta of 2.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.30 and a current ratio of 1.60. The firm’s 50 day moving average price is $22.27 and its two-hundred day moving average price is $22.48. Fluence Energy, Inc. has a twelve month low of $14.70 and a twelve month high of $31.32.

Fluence Energy (NASDAQ:FLNCGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $363.96 million during the quarter, compared to analyst estimates of $403.93 million. Fluence Energy had a negative net margin of 2.72% and a negative return on equity of 11.10%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) EPS. On average, research analysts predict that Fluence Energy, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FLNC has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Fluence Energy from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, December 11th. BMO Capital Markets raised shares of Fluence Energy from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research note on Tuesday, January 16th. BNP Paribas started coverage on shares of Fluence Energy in a research note on Friday, October 20th. They issued an “underperform” rating and a $18.00 price objective on the stock. Roth Mkm raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $27.00 to $31.00 in a research note on Monday, December 4th. Finally, Morgan Stanley lifted their price objective on shares of Fluence Energy from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, December 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $29.50.

Get Our Latest Analysis on Fluence Energy

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, major shareholder Siemens Pension Trust E. V sold 7,087,500 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $22.05, for a total value of $156,279,375.00. Following the completion of the sale, the insider now directly owns 11,761,131 shares of the company’s stock, valued at $259,332,938.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

About Fluence Energy

(Free Report)

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.

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Institutional Ownership by Quarter for Fluence Energy (NASDAQ:FLNC)

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