Tudor Investment Corp ET AL Buys Shares of 61,847 Fluence Energy, Inc. (NASDAQ:FLNC)

Tudor Investment Corp ET AL purchased a new stake in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,847 shares of the company's stock, valued at approximately $982,000.

A number of other institutional investors also recently bought and sold shares of the business. Altshuler Shaham Ltd purchased a new position in Fluence Energy in the 4th quarter valued at $34,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Fluence Energy during the fourth quarter worth about $79,000. Tower Research Capital LLC TRC raised its stake 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 worth $88,000 after buying an additional 4,921 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Fluence Energy in the 4th quarter valued at approximately $176,000. Finally, Envestnet Asset Management Inc. grew its holdings in Fluence Energy by 47.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,317 shares of the company's stock worth $211,000 after acquiring an additional 4,285 shares during the period. 53.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on FLNC shares. Guggenheim decreased their price objective 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. Wolfe Research downgraded Fluence Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, February 12th. Bank of America cut shares of Fluence Energy from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $8.00 in a research note on Thursday, February 13th. Robert W. Baird reduced 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, Royal Bank of Canada cut Fluence Energy from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $25.00 to $7.00 in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.41.

Insider Activity

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

Fluence Energy Stock Performance

FLNC stock traded down $0.23 during trading on Friday, reaching $4.59. 6,445,263 shares of the company's stock were exchanged, compared to its average volume of 3,536,807. The firm has a market cap of $833.31 million, a PE ratio of -91.80 and a beta of 2.49. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. Fluence Energy, Inc. has a 1-year low of $3.46 and a 1-year high of $26.12. The company's fifty day moving average price is $4.59 and its 200-day moving average price is $11.74.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.03). The company had revenue of $431.62 million for the quarter, compared to analyst estimates of $328.17 million. Fluence Energy had a negative net margin of 0.08% and a negative return on equity of 0.36%. The firm's quarterly revenue was down 30.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. On average, research analysts expect 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.