Deutsche Bank AG Acquires 56,055 Shares of Fluence Energy, Inc. (NASDAQ:FLNC)

Deutsche Bank AG raised its holdings in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 130.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,043 shares of the company's stock after purchasing an additional 56,055 shares during the period. Deutsche Bank AG owned 0.05% of Fluence Energy worth $1,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in Fluence Energy during the 4th quarter valued at $34,000. Tower Research Capital LLC TRC grew its position in shares of Fluence Energy by 827.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock valued at $88,000 after purchasing an additional 4,921 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Fluence Energy during the 4th quarter valued at $176,000. Envestnet Asset Management Inc. lifted its holdings in Fluence Energy by 47.4% during the 4th 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 in the last quarter. Finally, Polymer Capital Management US LLC bought a new position in Fluence Energy in the 4th quarter worth about $212,000. Institutional investors own 53.16% of the company's stock.

Fluence Energy Trading Down 2.1%

NASDAQ FLNC traded down $0.10 during trading on Thursday, hitting $4.68. 2,628,206 shares of the company's stock traded hands, compared to its average volume of 3,636,197. The firm has a market cap of $849.65 million, a P/E ratio of -93.60 and a beta of 2.49. The stock has a fifty day moving average of $4.53 and a two-hundred day moving average of $10.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. Fluence Energy, Inc. has a 12-month low of $3.46 and a 12-month high of $26.12.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). The company had revenue of $431.62 million during the quarter, compared to analysts' expectations of $328.17 million. Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. Fluence Energy's revenue for the quarter was down 30.7% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share. As a group, sell-side analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FLNC shares. Guggenheim decreased their price target on Fluence Energy from $6.00 to $2.00 and set a "sell" rating on the stock in a research report on Tuesday, April 15th. Hsbc Global Res lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley increased their target price on shares of Fluence Energy from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Robert W. Baird reduced their price target on shares of Fluence Energy from $9.00 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Finally, Roth Mkm cut shares of Fluence Energy from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $20.00 to $6.50 in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Fluence Energy has an average rating of "Hold" and a consensus target price of $8.21.

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.