Fluence Energy, Inc. (NASDAQ:FLNC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 2,170.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,787 shares of the company’s stock after buying an additional 10,312 shares during the period. International Assets Investment Management LLC’s holdings in Fluence Energy were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. ProShare Advisors LLC raised its position in shares of Fluence Energy by 8.5% in the first quarter. ProShare Advisors LLC now owns 10,539 shares of the company’s stock valued at $183,000 after buying an additional 830 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Fluence Energy by 3.8% in the second quarter. Hsbc Holdings PLC now owns 24,250 shares of the company’s stock valued at $420,000 after buying an additional 897 shares during the last quarter. Blue Trust Inc. raised its position in shares of Fluence Energy by 45.3% in the third quarter. Blue Trust Inc. now owns 4,821 shares of the company’s stock valued at $109,000 after buying an additional 1,502 shares during the last quarter. PARK CIRCLE Co acquired a new position in Fluence Energy during the second quarter worth approximately $28,000. Finally, CWM LLC increased its position in Fluence Energy by 164.4% during the third quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after purchasing an additional 1,767 shares during the last quarter. Institutional investors and hedge funds own 53.16% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Robert W. Baird dropped their price target on shares of Fluence Energy from $34.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on shares of Fluence Energy from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. BMO Capital Markets upped their price target on shares of Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Scotiabank raised shares of Fluence Energy to a “hold” rating in a research report on Friday, July 12th. Finally, Jefferies Financial Group assumed coverage on shares of Fluence Energy in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Fluence Energy presently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Fluence Energy Trading Down 13.2 %

Shares of FLNC stock opened at $19.47 on Thursday. The company has a market capitalization of $3.51 billion, a PE ratio of -102.47, a price-to-earnings-growth ratio of 0.75 and a beta of 2.54. The firm has a fifty day simple moving average of $20.90 and a 200-day simple moving average of $19.39. Fluence Energy, Inc. has a twelve month low of $12.74 and a twelve month high of $27.80.

Insider Activity

In other news, Director Herman E. Bulls bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average cost of $16.81 per share, for a total transaction of $168,100.00. Following the completion of the purchase, the director now owns 65,861 shares of the company’s stock, valued at $1,107,123.41. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

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.