Fluence Energy, Inc. (NASDAQ:FLNC) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,134,173 shares of the company's stock after acquiring an additional 207,784 shares during the quarter. Dimensional Fund Advisors LP owned 0.63% of Fluence Energy worth $18,013,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Altshuler Shaham Ltd bought a new stake in shares of Fluence Energy in the 4th quarter valued at about $34,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Fluence Energy in the fourth quarter worth approximately $79,000. Blueshift Asset Management LLC purchased a new stake in Fluence Energy during the fourth quarter worth $176,000. Envestnet Asset Management Inc. boosted its position in Fluence Energy by 47.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock valued at $211,000 after acquiring an additional 4,285 shares in the last quarter. Finally, Polymer Capital Management US LLC purchased a new position in shares of Fluence Energy in the 4th quarter valued at $212,000. 53.16% of the stock is owned by hedge funds and other institutional investors.

Fluence Energy Stock Performance

FLNC stock traded down $0.23 during trading on Friday, hitting $4.59. 6,445,263 shares of the company traded hands, compared to its average volume of 3,536,807. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $26.12. The company has a market cap of $833.31 million, a PE ratio of -91.80 and a beta of 2.49. The stock's 50-day simple moving average is $4.59 and its 200 day simple moving average is $11.74. 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 earnings results 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). Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. The firm had revenue of $431.62 million during the quarter, compared to analyst estimates of $328.17 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The business's revenue for the quarter was down 30.7% on a year-over-year basis. On average, equities analysts expect that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls bought 30,000 shares of Fluence Energy stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $6.53 per share, with a total value of $195,900.00. Following the purchase, the director now directly owns 105,861 shares in the company, valued at $691,272.33. This represents a 39.55 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ahmed Pasha purchased 15,500 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average cost of $6.48 per share, for a total transaction of $100,440.00. Following the purchase, the chief financial officer now directly owns 24,703 shares in the company, valued at $160,075.44. This trade represents a 168.42 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 79,000 shares of company stock worth $499,665 in the last 90 days. Corporate insiders own 0.65% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FLNC. JPMorgan Chase & Co. downgraded Fluence Energy from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $7.00 in a research report on Friday, April 11th. Guggenheim lowered their price target on shares of Fluence Energy from $6.00 to $2.00 and set a "sell" rating on the stock in a report on Tuesday, April 15th. Susquehanna reduced their price objective on shares of Fluence Energy from $10.00 to $8.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Wolfe Research downgraded shares of Fluence Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 12th. Finally, Roth Capital downgraded Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.41.

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.