Cypress Wealth Services LLC purchased a new stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,385 shares of the company's stock, valued at approximately $275,000.
Other institutional investors have also added to or reduced their stakes in the company. Millburn Ridgefield Corp boosted 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 purchasing an additional 528 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Bloom Energy by 26.8% in the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock worth $60,000 after purchasing an additional 569 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Bloom Energy in the 3rd quarter worth approximately $34,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Bloom Energy in the 3rd quarter worth approximately $74,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Bloom Energy in the 2nd quarter worth approximately $103,000. Hedge funds and other institutional investors own 77.04% of the company's stock.
Insider Buying and Selling at Bloom Energy
In other news, insider Shawn Marie Soderberg sold 1,289 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the transaction, the insider now owns 168,561 shares in the company, valued at $4,139,858.16. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kr Sridhar sold 46,697 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the transaction, the chief executive officer now owns 1,822,496 shares in the company, valued at approximately $45,562,400. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,528 shares of company stock valued at $3,061,501. Company insiders own 3.50% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on BE shares. BTIG Research boosted their price objective on Bloom Energy from $20.00 to $30.00 and gave the company a "buy" rating in a report on Monday, December 16th. Bank of America boosted their price objective on Bloom Energy from $7.00 to $20.00 and gave the company an "underperform" rating in a report on Monday, December 9th. HSBC lowered Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 target price for the company. in a research report on Wednesday, November 20th. Piper Sandler lifted their target price on Bloom Energy from $20.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, Morgan Stanley lifted their target price on Bloom Energy from $20.00 to $28.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $22.97.
Read Our Latest Research Report on Bloom Energy
Bloom Energy Stock Performance
Bloom Energy stock traded up $0.42 during midday trading on Friday, hitting $23.98. 5,489,392 shares of the company were exchanged, compared to its average volume of 4,411,413. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $28.70. The business has a fifty day simple moving average of $23.62 and a two-hundred day simple moving average of $15.65. The firm has a market capitalization of $5.48 billion, a PE ratio of -42.82 and a beta of 3.06.
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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