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

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

A number of other large investors also recently modified their holdings of FLNC. PARK CIRCLE Co bought a new position in shares of Fluence Energy in the 2nd quarter worth about $28,000. GAMMA Investing LLC lifted its position in shares of Fluence Energy by 264.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock worth $51,000 after buying an additional 2,146 shares during the last quarter. Blue Trust Inc. bought a new position in shares of Fluence Energy in the 2nd quarter worth about $58,000. CWM LLC lifted its position in shares of Fluence Energy by 164.4% in the 3rd quarter. CWM LLC now owns 2,842 shares of the company’s stock worth $65,000 after buying an additional 1,767 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Fluence Energy by 79.1% in the 1st quarter. Comerica Bank now owns 4,211 shares of the company’s stock worth $73,000 after buying an additional 1,860 shares during the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Price Performance

NASDAQ FLNC opened at $19.47 on Thursday. The company’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $19.39. Fluence Energy, Inc. has a 12 month low of $12.74 and a 12 month high of $27.80. The company has a market capitalization of $3.51 billion, a P/E ratio of -102.47, a PEG ratio of 0.75 and a beta of 2.54.

Insider Buying and Selling

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average cost of $16.81 per share, for a total transaction of $168,100.00. Following the acquisition, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

FLNC has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Fluence Energy in a research report on Wednesday, September 4th. They issued a “buy” rating and a $26.00 price target on the stock. Guggenheim raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, August 9th. Barclays dropped their price objective on shares of Fluence Energy from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Bank of America dropped their price objective on shares of Fluence Energy from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, BMO Capital Markets increased their price objective on shares of Fluence Energy from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Fluence Energy currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Fluence Energy 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.