Bloom Energy Co. (NYSE:BE) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 36.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,220 shares of the company's stock after selling 78,216 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.06% of Bloom Energy worth $3,066,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BE. Smartleaf Asset Management LLC grew its stake in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after buying an additional 934 shares during the period. Mainstream Capital Management LLC purchased a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after buying an additional 812 shares during the period. Avior Wealth Management LLC acquired a new position in shares of Bloom Energy in the 4th quarter worth approximately $40,000. Finally, Millburn Ridgefield Corp lifted its holdings in shares of Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock worth $25,000 after acquiring an additional 528 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Performance

Bloom Energy stock traded up $1.15 during midday trading on Thursday, hitting $25.46. 11,359,575 shares of the company's stock were exchanged, compared to its average volume of 6,696,945. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of -45.46 and a beta of 3.30. The firm's 50 day simple moving average is $24.08 and its 200 day simple moving average is $19.18.

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Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction on 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 approximately $4,482,479.04. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 171,040 shares of the company's stock, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Roth Mkm assumed coverage on shares of Bloom Energy in a report on Wednesday, December 11th. They issued a "neutral" rating and a $25.00 price objective on the stock. Truist Financial increased their target price on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Roth Capital upgraded shares of Bloom Energy to a "hold" rating in a report on Tuesday, December 10th. Jefferies Financial Group increased their target price on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, November 22nd. Finally, HSBC lowered shares of Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 target price on the stock. in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bloom Energy currently has an average rating of "Hold" and a consensus target price of $25.06.

Bloom Energy Company Profile

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.