Shawn Marie Soderberg Sells 1,639 Shares of Bloom Energy Co. (NYSE:BE) Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 1,639 shares of the company’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 transaction, the insider now owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shawn Marie Soderberg also recently made the following trade(s):

• On Monday, November 18th, Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock. The shares were sold at an average price of $24.56, for a total value of $31,657.84.

Bloom Energy Stock Performance

Shares of Bloom Energy stock traded up $0.42 during trading hours on Friday, reaching $23.98. The company’s stock had a trading volume of 5,489,392 shares, compared to its average volume of 5,056,888. 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 one year low of $8.41 and a one year high of $28.70. The company’s 50 day simple moving average is $23.41 and its 200 day simple moving average is $15.56. The stock has a market cap of $5.48 billion, a P/E ratio of -42.82 and a beta of 3.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BE. Avior Wealth Management LLC acquired a new stake in shares of Bloom Energy in the 4th quarter worth about $40,000. Millburn Ridgefield Corp grew its position in 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 last quarter. GAMMA Investing LLC increased its stake in shares of Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after purchasing an additional 569 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $34,000. Finally, Quest Partners LLC grew its holdings in Bloom Energy by 2,780.0% in the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after buying an additional 3,475 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. HSBC lowered 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. Roth Mkm initiated coverage on Bloom Energy in a research report on Wednesday, December 11th. They set a “neutral” rating and a $25.00 price objective for the company. Marathon Capitl raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. BMO Capital Markets increased their price objective on Bloom Energy from $12.00 to $19.50 and gave the company a “market perform” rating in a research note on Friday, November 15th. Finally, Bank of America boosted their target price on shares of Bloom Energy from $7.00 to $20.00 and gave the company an “underperform” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.97.

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.