Nicola Wealth Management LTD. Sells 6,000 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

Nicola Wealth Management LTD. trimmed its stake in Fluence Energy, Inc. (NASDAQ:FLNC) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after selling 6,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Fluence Energy were worth $1,191,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in shares of Fluence Energy by 2,170.9% during the third quarter. International Assets Investment Management LLC now owns 10,787 shares of the company’s stock valued at $245,000 after buying an additional 10,312 shares during the last quarter. US Bancorp DE lifted its position in Fluence Energy by 676.6% in the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company’s stock valued at $38,000 after acquiring an additional 1,475 shares in the last quarter. Harvest Portfolios Group Inc. boosted its stake in Fluence Energy by 26.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 24,523 shares of the company’s stock valued at $557,000 after purchasing an additional 5,172 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of Fluence Energy in the 3rd quarter worth $5,742,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Fluence Energy in the third quarter worth $212,000. 53.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Fluence Energy

In other news, Director Herman E. Bulls acquired 10,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the completion of the transaction, the director now directly owns 75,861 shares in the company, valued at approximately $1,181,155.77. This trade represents a 15.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ahmed Pasha bought 15,500 shares of Fluence Energy stock in a transaction dated Friday, February 14th. The stock was purchased at an average cost of $6.48 per share, for a total transaction of $100,440.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,703 shares of the company’s stock, valued at approximately $160,075.44. The trade was a 168.42 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 79,000 shares of company stock valued at $601,265 in the last three months. 0.65% of the stock is currently owned by corporate insiders.

Fluence Energy Trading Down 9.3 %

Shares of Fluence Energy stock opened at $5.19 on Tuesday. Fluence Energy, Inc. has a fifty-two week low of $5.15 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 company has a market capitalization of $942.24 million, a P/E ratio of -103.80 and a beta of 2.37. The company has a fifty day moving average of $12.59 and a 200 day moving average of $17.32.

Fluence Energy (NASDAQ:FLNC) last released its quarterly earnings data 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%. On average, sell-side analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FLNC has been the subject of several research analyst reports. UBS Group downgraded Fluence Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $28.00 to $8.00 in a report on Wednesday, February 12th. Royal Bank of Canada lowered shares of Fluence Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $25.00 to $7.00 in a research note on Wednesday, February 12th. BMO Capital Markets downgraded shares of Fluence Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $22.00 to $10.00 in a research report on Tuesday, February 11th. Jefferies Financial Group cut shares of Fluence Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from $22.00 to $15.00 in a report on Wednesday, January 22nd. Finally, Baird R W lowered shares of Fluence Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.64.

Fluence Energy Company Profile

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.