Flux Power Holdings VP of Operations sells shares worth $946

In a recent transaction, Jeffrey Curtis Mason, Vice President of Operations at Flux Power Holdings , Inc. (NASDAQ:FLUX), a company currently valued at $26.86 million, sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission dated April 1, 2025. According to InvestingPro data, the stock has experienced significant volatility, falling nearly 64% over the past year, though analysis suggests the shares are currently undervalued. The sale involved 568 shares at a weighted average price of $1.6659, totaling $946. This transaction was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). InvestingPro analysis reveals the stock currently trades at $1.63, with 8 additional key insights available to subscribers through their comprehensive Pro Research Report.

In addition to the sale, Mason acquired 3,000 shares through the Flux Power Holdings Employee Stock Purchase Plan at prices ranging from $1.46 to $2.58, totaling $6,060. These acquisitions were part of an exempt transaction under Rule 16b-3(c).

Mason also converted 1,280 restricted stock units into common stock, though this transaction did not involve any cash exchange. Following these transactions, Mason’s direct ownership stands at 7,264 shares.

In other recent news, Flux Power Holdings reported its earnings for the first quarter of 2025, revealing a 9% year-over-year revenue increase to $16.1 million. Despite this growth, the company missed its earnings per share (EPS) forecast, reporting -$0.10 against an expected -$0.06. The company also announced a year-over-year revenue decline of 7.5% to $16.8 million for the second fiscal quarter of 2025, with gross profit increasing to $5.5 million, representing 32.5% of revenues. However, operating expenses rose to $6.9 million from $5.8 million in the previous year, contributing to a widened net loss of $1.9 million. Analyst Amit Dayal from H.C. Wainwright adjusted the price target for Flux Power to $8.00 from $15.00 while maintaining a Buy rating, reflecting the recent financial outcomes. The company is also expanding its product lines and launching new heavy-duty battery models, maintaining a strong backlog of $19.5 million as of February 2025. Looking ahead, Flux Power expects Q3 revenue to be similar to Q2, with a projected increase of 5-10% in Q4, aiming to achieve breakeven or positive adjusted EBITDA in Q4.

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