Traders Buy Large Volume of Fluence Energy Put Options (NASDAQ:FLNC)

Fluence Energy, Inc. (NASDAQ:FLNC) was the target of unusually large options trading activity on Tuesday. Investors purchased 10,705 put options on the stock. This is an increase of approximately 118% compared to the average daily volume of 4,919 put options.

Insiders Place Their Bets

In related news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $5.41 per share, for a total transaction of $54,100.00. Following the purchase, the director now directly owns 115,861 shares of the company’s stock, valued at approximately $626,808.01. The trade was a 9.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Julian Nebreda bought 23,500 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $6.35 per share, with a total value of $149,225.00. Following the completion of the transaction, the chief executive officer now owns 120,455 shares in the company, valued at $764,889.25. This represents a 24.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 79,000 shares of company stock valued at $499,665 over the last 90 days. Insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On Fluence Energy

A number of hedge funds have recently added to or reduced their stakes in FLNC. Duff & Phelps Investment Management Co. increased its holdings in shares of Fluence Energy by 5.6% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 27,192 shares of the company’s stock valued at $432,000 after purchasing an additional 1,432 shares in the last quarter. Lazard Freres Gestion S.A.S. lifted its position in shares of Fluence Energy by 7.3% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 22,180 shares of the company’s stock valued at $352,000 after acquiring an additional 1,500 shares during the period. KBC Group NV boosted its stake in shares of Fluence Energy by 1.6% during the 4th quarter. KBC Group NV now owns 108,296 shares of the company’s stock worth $1,720,000 after acquiring an additional 1,671 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Fluence Energy by 0.4% in the 4th quarter. Ameriprise Financial Inc. now owns 440,002 shares of the company’s stock worth $6,988,000 after acquiring an additional 1,734 shares during the period. Finally, Swiss National Bank increased its stake in Fluence Energy by 1.4% in the 4th quarter. Swiss National Bank now owns 126,800 shares of the company’s stock valued at $2,014,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Susquehanna cut their target price on Fluence Energy from $10.00 to $8.00 and set a “positive” rating on the stock in a research report on Monday. Jefferies Financial Group downgraded shares of Fluence Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $22.00 to $15.00 in a report on Wednesday, January 22nd. Canaccord Genuity Group decreased their target price on shares of Fluence Energy from $34.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Roth Capital downgraded Fluence Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Barclays reissued an “equal weight” rating and issued a $5.00 price objective (down previously from $9.00) on shares of Fluence Energy in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have issued 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 target price of $11.62.

Fluence Energy Trading Down 9.6 %

Fluence Energy stock traded down $0.39 during trading on Tuesday, hitting $3.67. The company had a trading volume of 3,121,620 shares, compared to its average volume of 3,318,062. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company’s 50 day simple moving average is $5.84 and its 200-day simple moving average is $13.91. Fluence Energy has a 1-year low of $3.63 and a 1-year high of $26.12. The stock has a market cap of $666.28 million, a price-to-earnings ratio of -73.40 and a beta of 2.48.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) 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%. As a group, analysts expect that Fluence Energy will post 0.08 EPS for the current fiscal 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.