Insider Selling: Fluent, Inc. (NASDAQ:FLNT) CEO Sells 15,588 Shares of Stock

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 15,588 shares of Fluent stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $1.48, for a total value of $23,070.24. Following the completion of the transaction, the chief executive officer now owns 243,178 shares of the company’s stock, valued at approximately $359,903.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fluent Trading Down 1.7 %

Shares of NASDAQ:FLNT opened at $3.56 on Friday. Fluent, Inc. has a 12 month low of $2.31 and a 12 month high of $4.78. The company has a market capitalization of $48.63 million, a price-to-earnings ratio of -1.20 and a beta of 2.31. The firm’s 50-day moving average is $3.59 and its 200 day moving average is $3.45.

Fluent (NASDAQ:FLNT) last released its earnings results on Wednesday, May 15th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.29). Fluent had a negative net margin of 14.15% and a negative return on equity of 21.95%. The business had revenue of $65.98 million for the quarter, compared to the consensus estimate of $65.66 million. As a group, equities analysts forecast that Fluent, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Trading of Fluent

Institutional investors and hedge funds have recently made changes to their positions in the business. Salvus Wealth Management LLC lifted its holdings in shares of Fluent by 4.3% in the 1st quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after buying an additional 4,585 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Fluent during the fourth quarter valued at about $71,000. Simplicity Wealth LLC bought a new stake in shares of Fluent in the 1st quarter valued at about $90,000. Empowered Funds LLC grew its position in shares of Fluent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock worth $154,000 after buying an additional 23,592 shares during the last quarter. Finally, JB Capital Partners LP raised its stake in shares of Fluent by 3.1% during the 4th quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock worth $3,322,000 after acquiring an additional 150,150 shares in the last quarter. 23.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Fluent in a research report on Monday, May 27th. They issued a “hold” rating for the company.

Fluent Company Profile

Fluent, Inc provides data-driven digital marketing services in the United States and internationally. The company operates through Fluent and All Other segments. It offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers.