Donald Huntley Patrick Sells 15,588 Shares of Fluent, Inc. (NASDAQ:FLNT) Stock

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 15,588 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $1.48, for a total transaction of $23,070.24. Following the transaction, the chief executive officer now owns 243,178 shares in the company, valued at $359,903.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Fluent Price Performance

FLNT stock opened at $3.56 on Friday. The stock has a market cap of $48.63 million, a price-to-earnings ratio of -1.20 and a beta of 2.31. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $3.45. Fluent, Inc. has a one year low of $2.31 and a one year high of $4.78.

Fluent (NASDAQ:FLNT) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.29). The company had revenue of $65.98 million during the quarter, compared to analyst estimates of $65.66 million. Fluent had a negative net margin of 14.15% and a negative return on equity of 21.95%. Research analysts anticipate that Fluent, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Trading of Fluent

Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in Fluent during the 4th quarter worth $71,000. Salvus Wealth Management LLC boosted its holdings in Fluent by 90.6% in the 4th quarter. Salvus Wealth Management LLC now owns 106,290 shares of the company’s stock valued at $71,000 after purchasing an additional 50,510 shares during the period. Simplicity Wealth LLC acquired a new position in shares of Fluent during the 1st quarter worth approximately $90,000. Empowered Funds LLC raised its position in shares of Fluent by 8.2% in the first quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after buying an additional 23,592 shares in the last quarter. Finally, JB Capital Partners LP boosted its stake in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after buying an additional 150,150 shares during the period. 23.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Fluent in a research note on Monday, May 27th. They issued a “hold” rating on the stock.

About Fluent

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.