Vontobel Holding Ltd. Sells 38,411 Shares of Bloom Energy Co. (NYSE:BE)

Vontobel Holding Ltd. trimmed its stake in Bloom Energy Co. (NYSE:BE - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 489,123 shares of the company's stock after selling 38,411 shares during the period. Vontobel Holding Ltd. owned about 0.21% of Bloom Energy worth $10,863,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mizuho Markets Americas LLC boosted its holdings in Bloom Energy by 8.2% in the third quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock valued at $4,335,000 after acquiring an additional 31,189 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new position in Bloom Energy in the third quarter valued at about $517,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Bloom Energy by 184.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock valued at $9,209,000 after buying an additional 262,247 shares during the period. Parametrica Management Ltd acquired a new position in Bloom Energy in the third quarter valued at about $785,000. Finally, Edgestream Partners L.P. acquired a new position in Bloom Energy in the third quarter valued at about $3,274,000. 77.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BE shares. Bank of America dropped their target price on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating on the stock in a research report on Tuesday, January 28th. Roth Mkm started coverage on Bloom Energy in a research report on Wednesday, December 11th. They issued a "neutral" rating and a $25.00 target price on the stock. Marathon Capitl raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. HSBC lowered Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 target price on the stock. in a research report on Wednesday, November 20th. Finally, Piper Sandler raised their price target on Bloom Energy from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Bloom Energy has an average rating of "Hold" and an average price target of $24.18.

Bloom Energy Trading Up 2.4 %

Shares of NYSE BE traded up $0.61 during midday trading on Tuesday, reaching $26.02. The company had a trading volume of 5,030,275 shares, compared to its average volume of 6,458,085. Bloom Energy Co. has a one year low of $8.41 and a one year 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 firm's fifty day moving average price is $24.12 and its 200-day moving average price is $17.30. The stock has a market cap of $5.95 billion, a PE ratio of -46.46 and a beta of 3.06.

Insider Activity at Bloom Energy

In related news, CEO Kr Sridhar sold 72,903 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total value of $1,824,033.06. Following the sale, the chief executive officer now owns 1,869,593 shares in the company, valued at $46,777,216.86. This represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 1,639 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was 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 owns 171,040 shares in the company, valued at $4,005,756.80. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,239 shares of company stock worth $3,029,843 in the last 90 days. Company insiders own 8.81% of the company's stock.

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.