Flux Power (NASDAQ:FLUX) Director Sells $29,064.56 in Stock

Flux Power Holdings, Inc. (NASDAQ:FLUX) Director Michael Johnson sold 21,371 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $1.36, for a total transaction of $29,064.56. Following the completion of the transaction, the director owned 4,127,309 shares of the company’s stock, valued at approximately $5,613,140.24. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Michael Johnson also recently made the following trade(s):

• On Tuesday, March 17th, Michael Johnson sold 65,510 shares of Flux Power stock. The shares were sold at an average price of $1.27, for a total transaction of $83,197.70.

Flux Power Trading Down 1.6%

FLUX opened at $1.21 on Friday. The business’s 50 day moving average is $1.39 and its 200-day moving average is $2.25. The stock has a market cap of $25.82 million, a PE ratio of -3.90 and a beta of 1.54. Flux Power Holdings, Inc. has a twelve month low of $1.01 and a twelve month high of $7.55.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.11. The business had revenue of $14.12 million during the quarter, compared to the consensus estimate of $15.55 million. As a group, analysts forecast that Flux Power Holdings, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Flux Power in a research note on Thursday, January 22nd. Zacks Research raised shares of Flux Power from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen upgraded shares of Flux Power from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Flux Power by 22.0% in the fourth quarter. Geode Capital Management LLC now owns 169,611 shares of the company’s stock valued at $215,000 after buying an additional 30,546 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Flux Power during the 4th quarter valued at $152,000. Renaissance Technologies LLC bought a new stake in shares of Flux Power during the 4th quarter worth $83,000. Virtu Financial LLC acquired a new position in shares of Flux Power in the 3rd quarter worth $72,000. Finally, XTX Topco Ltd acquired a new position in shares of Flux Power in the 4th quarter worth $64,000. Institutional investors and hedge funds own 37.96% of the company’s stock.

Flux Power Company Profile

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.