Fluence Energy, Inc. (NASDAQ:FLNC) Holdings Reduced by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 57.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,216 shares of the company's stock after selling 79,387 shares during the period. Westwood Holdings Group Inc.'s holdings in Fluence Energy were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FLNC. Barclays PLC lifted its holdings in Fluence Energy by 296.8% during the third quarter. Barclays PLC now owns 181,766 shares of the company's stock valued at $4,127,000 after purchasing an additional 135,957 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Fluence Energy by 79.2% in the fourth quarter. SG Americas Securities LLC now owns 48,883 shares of the company's stock valued at $776,000 after acquiring an additional 21,597 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Fluence Energy during the fourth quarter worth about $340,000. KBC Group NV raised its stake in Fluence Energy by 1.6% during the 4th quarter. KBC Group NV now owns 108,296 shares of the company's stock valued at $1,720,000 after purchasing an additional 1,671 shares during the period. Finally, Canal Insurance CO boosted its stake in Fluence Energy by 15.0% in the 4th quarter. Canal Insurance CO now owns 300,000 shares of the company's stock worth $4,764,000 after purchasing an additional 39,200 shares during the period. Hedge funds and other institutional investors own 53.16% of the company's stock.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Cynthia A. Arnold bought 33,000 shares of the firm's stock in a transaction dated 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 completion of the purchase, the director now owns 86,202 shares of the company's stock, valued at approximately $508,591.80. This represents a 62.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Herman E. Bulls acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $5.41 per share, for a total transaction of $54,100.00. Following the acquisition, the director now owns 115,861 shares of the company's stock, valued at $626,808.01. This represents a 9.45% increase in their position. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by insiders.

Fluence Energy Stock Down 1.0%

Shares of NASDAQ FLNC traded down $0.05 during midday trading on Monday, hitting $4.88. The company's stock had a trading volume of 3,314,147 shares, compared to its average volume of 3,666,702. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $26.12. The business's fifty day simple moving average is $4.58 and its two-hundred day simple moving average is $10.52. The firm has a market capitalization of $885.96 million, a price-to-earnings ratio of -97.60 and a beta of 2.49. 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 (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. The company had revenue of $431.62 million during the quarter, compared to analyst estimates of $328.17 million. During the same period in the prior year, the business earned ($0.07) EPS. Fluence Energy's revenue for the quarter was down 30.7% on a year-over-year basis. On average, equities analysts predict that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada cut Fluence Energy from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $25.00 to $7.00 in a report on Wednesday, February 12th. Truist Financial dropped their price objective on Fluence Energy from $28.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Canaccord Genuity Group reduced their price objective on Fluence Energy from $14.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Robert W. Baird lowered their price target on shares of Fluence Energy from $9.00 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, BMO Capital Markets lowered shares of Fluence Energy from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $22.00 to $10.00 in a report on Tuesday, February 11th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.