Union Bancaire Privee UBP SA Takes Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Union Bancaire Privee UBP SA bought a new position in Fluence Energy, Inc. (NASDAQ:FLNC) during the fourth quarter, Holdings Channel reports. The firm bought 21,980 shares of the company’s stock, valued at approximately $340,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE increased its holdings in Fluence Energy by 676.6% in the third quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after buying an additional 1,475 shares in the last quarter. CWM LLC increased its stake in shares of Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock valued at $65,000 after purchasing an additional 1,767 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Fluence Energy in the 3rd quarter worth about $74,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Fluence Energy during the fourth quarter worth approximately $79,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fluence Energy during the 3rd quarter valued at approximately $87,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLNC has been the subject of a number of research reports. Barclays cut their target price on shares of Fluence Energy from $22.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. UBS Group lowered Fluence Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $28.00 to $8.00 in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on Fluence Energy from $26.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada lowered Fluence Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $25.00 to $7.00 in a research note on Wednesday, February 12th. Finally, Susquehanna reduced their price objective on Fluence Energy from $23.00 to $10.00 and set a “positive” rating for the company in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fluence Energy has a consensus rating of “Hold” and a consensus target price of $14.64.

Fluence Energy Trading Down 5.0 %

Shares of Fluence Energy stock opened at $6.59 on Tuesday. Fluence Energy, Inc. has a fifty-two week low of $6.05 and a fifty-two week high of $26.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 1.57. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -131.80 and a beta of 2.37. The stock has a 50 day moving average of $13.37 and a 200 day moving average of $17.61.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. As a group, research analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Julian Nebreda acquired 23,500 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $6.35 per share, with a total value of $149,225.00. Following the transaction, the chief executive officer now owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. This trade represents a 24.24 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ahmed Pasha purchased 15,500 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were purchased at an average price of $6.48 per share, for a total transaction of $100,440.00. Following the completion of the purchase, the chief financial officer now directly owns 24,703 shares of the company’s stock, valued at $160,075.44. This represents a 168.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 79,000 shares of company stock valued at $601,265 over the last 90 days. 0.65% of the stock is owned by company insiders.

About Fluence Energy

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.