Kovitz Investment Group Partners LLC Purchases 1,349 Shares of Bloom Energy Co. (NYSE:BE)

Kovitz Investment Group Partners LLC raised its position in Bloom Energy Co. (NYSE:BE) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 36,353 shares of the company’s stock after buying an additional 1,349 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Bloom Energy were worth $374,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BE. Millburn Ridgefield Corp boosted its stake in shares of Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Bloom Energy in the 2nd quarter valued at approximately $40,000. Quest Partners LLC boosted its stake in shares of Bloom Energy by 2,780.0% in the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after purchasing an additional 3,475 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Bloom Energy in the 2nd quarter valued at approximately $53,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bloom Energy in the 3rd quarter valued at approximately $74,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Stock Performance

NYSE:BE opened at $25.60 on Friday. The company has a fifty day moving average of $16.89 and a 200-day moving average of $14.02. The firm has a market capitalization of $5.85 billion, a P/E ratio of -45.71 and a beta of 3.04. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $28.70.

Insider Activity

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,289 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the transaction, the insider now owns 168,561 shares in the company, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 72,903 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the transaction, the chief executive officer now owns 1,869,593 shares in the company, valued at approximately $46,777,216.86. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,975 shares of company stock worth $3,045,019 in the last quarter. 8.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on BE shares. UBS Group lifted their target price on shares of Bloom Energy from $21.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America lifted their target price on shares of Bloom Energy from $7.00 to $20.00 and gave the stock an “underperform” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded shares of Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their target price on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Finally, Roth Mkm started coverage on shares of Bloom Energy in a research report on Wednesday. They set a “neutral” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and an average price target of $21.92.

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.