ExodusPoint Capital Management LP Sells 336,094 Shares of Bloom Energy Co. (NYSE:BE)

ExodusPoint Capital Management LP reduced its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 70.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,781 shares of the company's stock after selling 336,094 shares during the quarter. ExodusPoint Capital Management LP owned 0.06% of Bloom Energy worth $3,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in 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 last quarter. Mainstream Capital Management LLC bought a new position in shares of Bloom Energy during the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp boosted its stake in 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 purchasing an additional 812 shares during the period. Avior Wealth Management LLC bought a new position in Bloom Energy during the 4th quarter worth $40,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Bloom Energy by 26.8% during the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock worth $60,000 after buying an additional 569 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 1,020 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the transaction, the insider now directly owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. This represents a 0.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the sale, the insider now directly 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. 3.50% of the stock is owned by corporate insiders.

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Bloom Energy Trading Up 0.2 %

BE traded up $0.04 during trading on Friday, reaching $16.89. 2,265,413 shares of the stock traded hands, compared to its average volume of 6,818,704. The stock's 50-day moving average is $22.67 and its 200 day moving average is $20.32. Bloom Energy Co. has a 12 month low of $9.02 and a 12 month high of $29.83. 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 $3.89 billion, a PE ratio of -30.16 and a beta of 3.27.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BE shares. Bank of America lowered their price target on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Piper Sandler dropped their price target on shares of Bloom Energy from $33.00 to $31.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. TD Cowen raised their price objective on Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Robert W. Baird raised their price target on Bloom Energy from $15.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Redburn Atlantic downgraded shares of Bloom Energy from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $14.50 to $10.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Bloom Energy has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

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.