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 that occurred 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 completion of the sale, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 stock was sold at an average price of $24.56, for a total value of $31,657.84.

Bloom Energy Stock Performance

BE stock opened at $23.98 on Monday. The stock has a market cap of $5.48 billion, a P/E ratio of -42.82 and a beta of 3.06. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a 50 day simple moving average of $23.62 and a 200 day simple moving average of $15.71. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $28.70.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BE shares. HSBC cut Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price target on the stock. in a research report on Wednesday, November 20th. UBS Group upped their price target on shares of Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler lifted their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Roth Capital raised Bloom Energy to a “hold” rating in a report on Tuesday, December 10th. One 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $22.97.

Hedge Funds Weigh In On Bloom Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Millburn Ridgefield Corp boosted its position in Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bloom Energy during the 3rd quarter worth about $34,000. Avior Wealth Management LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $40,000. Quest Partners LLC increased its holdings in Bloom Energy by 2,780.0% in the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after buying an additional 3,475 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Bloom Energy by 26.8% during the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after acquiring an additional 569 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.