Clarity Capital Partners LLC Has $310,000 Stock Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Clarity Capital Partners LLC reduced its position in Fluence Energy, Inc. (NASDAQ:FLNC) by 75.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,642 shares of the company’s stock after selling 42,384 shares during the period. Clarity Capital Partners LLC’s holdings in Fluence Energy were worth $310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLNC. Allspring Global Investments Holdings LLC acquired a new stake in shares of Fluence Energy in the 1st quarter valued at $132,000. Commonwealth Equity Services LLC grew its stake in shares of Fluence Energy by 161.0% during the first quarter. Commonwealth Equity Services LLC now owns 42,675 shares of the company’s stock worth $740,000 after purchasing an additional 26,325 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Fluence Energy by 24.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 133,415 shares of the company’s stock worth $2,113,000 after purchasing an additional 26,238 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Fluence Energy during the first quarter worth $4,082,000. Finally, Avantax Advisory Services Inc. lifted its holdings in Fluence Energy by 62.5% during the first quarter. Avantax Advisory Services Inc. now owns 20,515 shares of the company’s stock worth $356,000 after acquiring an additional 7,890 shares in the last quarter. 53.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Piper Sandler boosted their price target on Fluence Energy from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird decreased their target price on Fluence Energy from $34.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Citigroup downgraded Fluence Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $32.00 to $24.00 in a research report on Tuesday, October 1st. Royal Bank of Canada raised Fluence Energy to a “moderate buy” rating in a research report on Friday, August 9th. Finally, Susquehanna increased their price target on Fluence Energy from $23.00 to $28.00 and gave the stock a “positive” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.11.

Insider Activity at Fluence Energy

In other Fluence Energy news, Director Herman E. Bulls bought 10,000 shares of Fluence Energy stock in a transaction dated Tuesday, August 13th. The shares were purchased 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 in the company, valued at approximately $1,107,123.41. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is owned by corporate insiders.

Fluence Energy Stock Performance

Shares of FLNC stock opened at $22.15 on Tuesday. The firm’s 50 day moving average is $20.80 and its 200 day moving average is $19.34. Fluence Energy, Inc. has a 12-month low of $12.74 and a 12-month high of $27.80.

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.