Webs Creek Capital Management LP Invests $15.12 Million in Fluence Energy, Inc. (NASDAQ:FLNC)

Webs Creek Capital Management LP bought a new stake in shares of Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 951,988 shares of the company's stock, valued at approximately $15,118,000. Fluence Energy makes up approximately 3.6% of Webs Creek Capital Management LP's holdings, making the stock its 11th largest holding. Webs Creek Capital Management LP owned approximately 0.53% of Fluence Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Fluence Energy by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 6,252,320 shares of the company's stock valued at $99,287,000 after purchasing an additional 110,256 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Fluence Energy by 19.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,849,301 shares of the company's stock worth $29,367,000 after buying an additional 296,325 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Fluence Energy by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,513,219 shares of the company's stock worth $24,035,000 after buying an additional 5,216 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Fluence Energy by 22.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,134,173 shares of the company's stock worth $18,013,000 after buying an additional 207,784 shares during the last quarter. Finally, Erste Asset Management GmbH boosted its stake in shares of Fluence Energy by 15.5% in the fourth quarter. Erste Asset Management GmbH now owns 1,111,629 shares of the company's stock worth $18,058,000 after buying an additional 148,857 shares during the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FLNC has been the topic of a number of recent analyst reports. Bank of America downgraded Fluence Energy from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $20.00 to $8.00 in a research report on Thursday, February 13th. Citigroup lowered their price target on Fluence Energy from $24.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Truist Financial dropped their price target on Fluence Energy from $28.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Susquehanna decreased their price objective on Fluence Energy from $10.00 to $8.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Piper Sandler cut their price objective on shares of Fluence Energy from $10.00 to $4.00 and set a "neutral" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Fluence Energy has an average rating of "Hold" and an average target price of $10.64.

Insider Buying and Selling at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls purchased 30,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $6.53 per share, with a total value of $195,900.00. Following the transaction, the director now directly owns 105,861 shares of the company's stock, valued at approximately $691,272.33. This represents a 39.55 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julian Nebreda purchased 23,500 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $6.35 per share, with a total value of $149,225.00. Following the transaction, the chief executive officer now directly owns 120,455 shares in the company, valued at $764,889.25. This trade represents a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 79,000 shares of company stock valued at $499,665 in the last 90 days. Company insiders own 0.65% of the company's stock.

Fluence Energy Trading Up 0.1 %

Shares of NASDAQ:FLNC traded up $0.01 during mid-day trading on Tuesday, reaching $4.11. 1,139,175 shares of the company were exchanged, compared to its average volume of 3,418,575. 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 firm has a market cap of $745.26 million, a price-to-earnings ratio of -82.02 and a beta of 2.48. The firm's 50-day simple moving average is $4.91 and its 200 day simple moving average is $12.67. Fluence Energy, Inc. has a 1 year low of $3.46 and a 1 year high of $26.12.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. Equities research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current year.

Fluence Energy Company 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.