Deutsche Bank AG Has $1.57 Million Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Deutsche Bank AG increased its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 130.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,043 shares of the company's stock after purchasing an additional 56,055 shares during the period. Deutsche Bank AG owned approximately 0.05% of Fluence Energy worth $1,573,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in shares of Fluence Energy during the fourth quarter worth $34,000. Tower Research Capital LLC TRC grew its stake in shares of Fluence Energy by 827.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock worth $88,000 after purchasing an additional 4,921 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Fluence Energy during the fourth quarter worth $176,000. Envestnet Asset Management Inc. grew its stake in shares of Fluence Energy by 47.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock worth $211,000 after purchasing an additional 4,285 shares during the period. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Fluence Energy during the fourth quarter worth $212,000. 53.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls acquired 10,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the purchase, the director now directly owns 115,861 shares of the company's stock, valued at approximately $626,808.01. This represents a 9.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia A. Arnold acquired 33,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $5.90 per share, for a total transaction of $194,700.00. Following the purchase, the director now directly owns 86,202 shares of the company's stock, valued at approximately $508,591.80. This trade represents a 62.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company's stock.

Fluence Energy Stock Down 1.0%

FLNC traded down $0.05 on Tuesday, hitting $4.83. 3,883,976 shares of the company were exchanged, compared to its average volume of 3,667,571. Fluence Energy, Inc. has a 12 month low of $3.46 and a 12 month high of $26.12. The company has a market cap of $876.88 million, a PE ratio of -96.60 and a beta of 2.49. 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 stock's fifty day moving average is $4.56 and its 200-day moving average is $10.41.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.03). The business had revenue of $431.62 million during the quarter, compared to the consensus estimate of $328.17 million. Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. Fluence Energy's quarterly revenue was down 30.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. Equities research analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on FLNC shares. Hsbc Global Res cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Wolfe Research cut Fluence Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 12th. Susquehanna decreased their target price on Fluence Energy from $10.00 to $8.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Roth Mkm cut Fluence Energy from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $6.50 in a research note on Wednesday, February 12th. Finally, HSBC cut Fluence Energy from a "buy" rating to a "hold" rating and set a $4.00 target price for the company. in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8.21.

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.