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

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

Several other large investors have also made changes to their positions in FLNC. Cidel Asset Management Inc. acquired a new position in Fluence Energy during the fourth quarter worth $350,000. SG Americas Securities LLC raised its position in Fluence Energy by 79.2% during the fourth quarter. SG Americas Securities LLC now owns 48,883 shares of the company's stock worth $776,000 after acquiring an additional 21,597 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in Fluence Energy during the fourth quarter worth $1,429,000. Raymond James Financial Inc. acquired a new position in Fluence Energy during the fourth quarter worth $1,221,000. Finally, Erste Asset Management GmbH raised its position in Fluence Energy by 15.5% during the fourth quarter. Erste Asset Management GmbH now owns 1,111,629 shares of the company's stock worth $18,058,000 after acquiring an additional 148,857 shares during the period. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Trading Down 3.0%

NASDAQ FLNC traded down $0.15 on Wednesday, hitting $4.69. 1,494,960 shares of the company were exchanged, compared to its average volume of 3,659,173. The firm has a market capitalization of $850.56 million, a P/E ratio of -93.70 and a beta of 2.49. Fluence Energy, Inc. has a twelve month low of $3.46 and a twelve month high of $26.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.57 and a quick ratio of 1.14. The company's 50 day moving average price is $4.55 and its 200-day moving average price is $10.37.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 0.36% and a negative net margin of 0.08%. The company's revenue for the quarter was down 30.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Analysts predict that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

FLNC has been the subject of a number of research analyst reports. BMO Capital Markets cut shares of Fluence Energy from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $22.00 to $10.00 in a research report on Tuesday, February 11th. Guggenheim dropped their target price on shares of Fluence Energy from $6.00 to $2.00 and set a "sell" rating for the company in a report on Tuesday, April 15th. Mizuho assumed coverage on shares of Fluence Energy in a report on Wednesday, March 5th. They set an "outperform" rating and a $8.00 target price for the company. Roth Capital lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Barclays reaffirmed an "equal weight" rating and set a $5.00 target price (down previously from $9.00) on shares of Fluence Energy in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Fluence Energy currently has a consensus rating of "Hold" and a consensus price target of $8.21.

Fluence Energy 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.