Zevenbergen Capital Investments LLC Has $2.92 Million Holdings in Bloom Energy Co. (NYSE:BE)

Zevenbergen Capital Investments LLC trimmed its stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,450 shares of the company's stock after selling 25,400 shares during the quarter. Zevenbergen Capital Investments LLC owned about 0.06% of Bloom Energy worth $2,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Emerald Advisers LLC boosted its holdings in shares of Bloom Energy by 1,471.2% during the fourth quarter. Emerald Advisers LLC now owns 368,779 shares of the company's stock worth $8,191,000 after acquiring an additional 345,308 shares during the period. Vanguard Group Inc. lifted its holdings in Bloom Energy by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after purchasing an additional 356,317 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Bloom Energy in the 4th quarter valued at $944,000. Virtu Financial LLC bought a new position in Bloom Energy during the 4th quarter worth $785,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Bloom Energy during the fourth quarter worth $1,259,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the transaction, the insider now owns 171,040 shares of the company's stock, valued at approximately $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 178,656 shares in the company, valued at approximately $4,482,479.04. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. 8.81% of the stock is owned by insiders.

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Analyst Ratings Changes

BE has been the topic of several research reports. Bank of America decreased 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 note on Tuesday, January 28th. Roth Mkm started coverage on shares of Bloom Energy in a research report on Wednesday, December 11th. They set a "neutral" rating and a $25.00 target price on the stock. Roth Capital raised shares of Bloom Energy to a "hold" rating in a report on Tuesday, December 10th. Susquehanna increased 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. Finally, Truist Financial lifted their price objective on Bloom Energy from $11.00 to $22.00 and gave the company a "hold" rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $25.06.

Bloom Energy Price Performance

Shares of BE stock traded down $1.77 on Friday, reaching $20.22. The company had a trading volume of 7,789,367 shares, compared to its average volume of 6,598,538. The business's 50-day moving average is $24.00 and its 200 day moving average is $19.70. Bloom Energy Co. has a one year low of $9.02 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 stock has a market capitalization of $4.66 billion, a PE ratio of -36.11 and a beta of 3.30.

Bloom Energy 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.