Bloom Energy Co. (NYSE:BE) Insider Sells $31,657.84 in Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 1,289 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the completion of the transaction, the insider now directly owns 168,561 shares in the company, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value of $21,903.00.

Bloom Energy Price Performance

BE opened at $24.79 on Thursday. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The company has a market cap of $5.67 billion, a price-to-earnings ratio of -43.09 and a beta of 2.71. The stock has a fifty day simple moving average of $11.36 and a two-hundred day simple moving average of $12.45. Bloom Energy Co. has a 12-month low of $8.41 and a 12-month high of $25.12.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BE. Millburn Ridgefield Corp grew its holdings in 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 purchased a new stake in shares of Bloom Energy in the second quarter worth $40,000. Quest Partners LLC increased its holdings in shares of Bloom Energy by 2,780.0% during the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after acquiring an additional 3,475 shares in the last quarter. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Bloom Energy in the 2nd quarter worth about $53,000. Finally, Mather Group LLC. bought a new position in Bloom Energy in the 2nd quarter worth about $66,000. 77.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BE. Morgan Stanley upped their target price on Bloom Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group cut shares of Bloom Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $11.00 in a research note on Friday, September 6th. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Royal Bank of Canada boosted their price target on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, UBS Group decreased their price objective on Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Bloom Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.55.

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.