Heliogen, Inc. (NYSE:HLGN) Major Shareholder William Gross Sells 94,826 Shares

Heliogen, Inc. (NYSE:HLGN – Get Rating) major shareholder William Gross sold 94,826 shares of Heliogen stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $0.26, for a total transaction of $24,654.76. Following the transaction, the insider now directly owns 2,672,612 shares in the company, valued at $694,879.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

William Gross also recently made the following trade(s):

• On Thursday, May 18th, William Gross sold 340 shares of Heliogen stock. The stock was sold at an average price of $0.28, for a total transaction of $95.20.

Heliogen Price Performance

Heliogen stock opened at $0.25 on Friday. The company’s 50 day simple moving average is $0.27 and its 200-day simple moving average is $0.52. Heliogen, Inc. has a 1 year low of $0.19 and a 1 year high of $4.60.

Heliogen (NYSE:HLGN – Get Rating) last released its quarterly earnings results on Tuesday, March 28th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $4.72 million during the quarter. Heliogen had a negative net margin of 770.24% and a negative return on equity of 67.29%.

Institutional Investors Weigh In On Heliogen

Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD purchased a new stake in Heliogen during the 3rd quarter worth approximately $27,000. Nisa Investment Advisors LLC purchased a new stake in Heliogen during the 3rd quarter worth approximately $33,000. JPMorgan Chase & Co. purchased a new stake in Heliogen during the 1st quarter worth approximately $34,000. Caz Investments LP purchased a new stake in Heliogen during the 4th quarter worth approximately $35,000. Finally, UBS Group AG increased its stake in Heliogen by 1,178.0% during the 1st quarter. UBS Group AG now owns 7,080 shares of the company’s stock worth $37,000 after buying an additional 6,526 shares during the period. 39.84% of the stock is owned by hedge funds and other institutional investors.

About Heliogen

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Heliogen, Inc, a renewable energy technology company, develops an A.I.-enabled, concentrated solar power plant. It offers HelioHeat for the production of heat for use in industrial processes; HelioPower, a solution for power generation; and HelioFuel, a solution for hydrogen fuel production. The company was formerly known as Edison Microgrids, Inc and changed its name to Heliogen, Inc in November 2019.