Bloom Energy Co. (NYSE:BE) Insider Shawn Marie Soderberg Sells 1,289 Shares

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 1,289 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.56, for a total transaction of $31,657.84. Following the completion of the transaction, the insider now owns 168,561 shares of the company’s stock, valued at approximately $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 16th, Shawn Marie Soderberg sold 2,086 shares of Bloom Energy stock. The shares were sold at an average price of $10.50, for a total transaction of $21,903.00.

Bloom Energy Stock Down 3.5 %

Shares of BE stock opened at $23.94 on Friday. The stock’s 50 day simple moving average is $11.91 and its 200 day simple moving average is $12.61. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $25.12. 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 company has a market capitalization of $5.47 billion, a price-to-earnings ratio of -42.75 and a beta of 2.71.

Analysts Set New Price Targets

BE has been the topic of several research analyst reports. Piper Sandler raised shares of Bloom Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $20.00 in a research note on Friday, November 15th. Bank of America dropped their price target on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Thursday, November 7th. Marathon Capitl upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Robert W. Baird dropped their target price on Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Royal Bank of Canada raised their price target on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $17.55.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BE. Millburn Ridgefield Corp increased its stake in shares of Bloom Energy by 29.2% in the third 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 period. ORG Partners LLC acquired a new stake in Bloom Energy in the 2nd quarter valued at approximately $40,000. Quest Partners LLC increased its position 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 during the period. Gilliland Jeter Wealth Management LLC acquired a new position in shares of Bloom Energy during the second quarter worth approximately $53,000. Finally, Mather Group LLC. bought a new stake in shares of Bloom Energy in the second quarter valued at approximately $66,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

About Bloom Energy

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.