Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick Sells 15,588 Shares

Fluent, Inc. (NASDAQ:FLNT) CEO Donald Huntley Patrick sold 15,588 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $1.48, for a total transaction of $23,070.24. Following the sale, the chief executive officer now directly owns 243,178 shares in the company, valued at $359,903.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fluent Stock Performance

NASDAQ:FLNT opened at $3.56 on Thursday. Fluent, Inc. has a 1 year low of $2.31 and a 1 year high of $4.78. The stock’s fifty day moving average price is $3.58 and its two-hundred day moving average price is $3.45.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.35) earnings per share (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 company had revenue of $65.98 million for the quarter, compared to the consensus estimate of $65.66 million. On average, analysts expect that Fluent, Inc. will post -0.64 EPS for the current year.

Institutional Investors Weigh In On Fluent

Several hedge funds and other institutional investors have recently modified their holdings of FLNT. JB Capital Partners LP boosted its position in shares of Fluent by 3.1% in the fourth quarter. JB Capital Partners LP now owns 4,958,629 shares of the company’s stock valued at $3,322,000 after acquiring an additional 150,150 shares during the period. Empowered Funds LLC boosted its holdings in Fluent by 8.2% in the 1st quarter. Empowered Funds LLC now owns 311,597 shares of the company’s stock valued at $154,000 after purchasing an additional 23,592 shares during the period. Simplicity Wealth LLC purchased a new position in shares of Fluent during the 1st quarter valued at $90,000. Salvus Wealth Management LLC increased its holdings in shares of Fluent by 4.3% in the first quarter. Salvus Wealth Management LLC now owns 110,875 shares of the company’s stock worth $55,000 after purchasing an additional 4,585 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of Fluent in the fourth quarter worth $71,000. 23.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Fluent in a research report on Monday, May 27th. They issued a “hold” rating on the stock.

About Fluent

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.