Sora Investors LLC Takes Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Sora Investors LLC bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 278,571 shares of the company's stock, valued at approximately $4,424,000. Sora Investors LLC owned about 0.15% of Fluence Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Altshuler Shaham Ltd bought a new position in shares of Fluence Energy during the fourth quarter valued at $34,000. Householder Group Estate & Retirement Specialist LLC bought a new position in Fluence Energy during the 4th quarter valued at about $79,000. Tower Research Capital LLC TRC boosted its holdings in shares of Fluence Energy by 827.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,516 shares of the company's stock valued at $88,000 after acquiring an additional 4,921 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Fluence Energy in the fourth quarter worth approximately $176,000. Finally, Envestnet Asset Management Inc. raised its holdings 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 valued at $211,000 after purchasing an additional 4,285 shares during the last quarter. Institutional investors own 53.16% of the company's stock.

Analyst Ratings Changes

FLNC has been the topic of several research analyst reports. Hsbc Global Res cut Fluence Energy from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. HSBC downgraded Fluence Energy from a "buy" rating to a "hold" rating and set a $4.00 target price on the stock. in a research report on Monday, April 28th. Robert W. Baird decreased their price objective on shares of Fluence Energy from $9.00 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Truist Financial cut their price target on shares of Fluence Energy from $28.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, Barclays reaffirmed an "equal weight" rating and set a $5.00 target price (down from $9.00) on shares of Fluence Energy in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.21.

Insider Transactions at Fluence Energy

In other news, Director Cynthia A. Arnold bought 33,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was purchased 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 in the company, valued at approximately $508,591.80. This trade represents a 62.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Herman E. Bulls bought 10,000 shares of the firm's stock in a transaction that occurred 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 purchase, the director now owns 115,861 shares of the company's stock, valued at $626,808.01. The trade was a 9.45% 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 Trading Down 5.7%

Shares of NASDAQ:FLNC traded down $0.31 during midday trading on Wednesday, reaching $5.06. 1,439,065 shares of the company's stock were exchanged, compared to its average volume of 3,660,395. Fluence Energy, Inc. has a fifty-two week low of $3.46 and a fifty-two week high of $26.12. The stock has a market cap of $917.73 million, a price-to-earnings ratio of -101.50 and a beta of 2.49. The firm's 50 day simple moving average is $4.60 and its two-hundred day simple moving average is $10.93. 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 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). 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 analysts' expectations of $328.17 million. During the same quarter in the prior year, the firm posted ($0.07) EPS. Fluence Energy's quarterly revenue was down 30.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

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.