Virtu Financial LLC acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 35,325 shares of the company's stock, valued at approximately $785,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Semanteon Capital Management LP bought a new position in Bloom Energy in the fourth quarter valued at approximately $1,259,000. Teacher Retirement System of Texas bought a new stake in Bloom Energy in the 4th quarter valued at $214,000. Trivest Advisors Ltd bought a new stake in Bloom Energy in the 4th quarter valued at $30,539,000. Credit Capital Investments LLC acquired a new position in Bloom Energy in the 4th quarter worth $300,000. Finally, Chesapeake Capital Corp IL bought a new position in Bloom Energy during the 4th quarter worth about $220,000. 77.04% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
BE has been the subject of several recent research reports. Morgan Stanley upped their price objective on Bloom Energy from $28.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Susquehanna upped their price target on Bloom Energy from $20.00 to $33.00 and gave the stock a "positive" rating in a research report on Friday, December 6th. TD Cowen raised their price target on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Mizuho assumed coverage on shares of Bloom Energy in a research report on Tuesday, March 18th. They issued a "neutral" rating and a $28.00 price objective on the stock. Finally, Robert W. Baird raised their target price on shares of Bloom Energy from $15.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bloom Energy presently has a consensus rating of "Hold" and a consensus target price of $25.06.
Get Our Latest Stock Report on BE
Insider Transactions at Bloom Energy
In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. The trade was a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the transaction, the insider now owns 171,040 shares in the company, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by corporate insiders.
Bloom Energy Stock Performance
Shares of BE stock traded down $1.77 during trading on Friday, reaching $20.22. 7,789,367 shares of the company's stock were exchanged, compared to its average volume of 6,598,538. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83. The firm's fifty day moving average price is $24.08 and its 200-day moving average price is $19.63. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $4.66 billion, a PE ratio of -36.11 and a beta of 3.30.
About Bloom Energy
(
Free Report)
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.
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