Bloom Energy Co. (NYSE:BE) Shares Sold by Bokf Na

Posted by on Jun 12th, 2023

Bokf Na trimmed its holdings in Bloom Energy Co. (NYSE:BE – Get Rating) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,325 shares of the company’s stock after selling 5,000 shares during the quarter. Bokf Na’s holdings in Bloom Energy were worth $484,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Creative Planning grew its position in Bloom Energy by 0.9% in the 2nd quarter. Creative Planning now owns 42,778 shares of the company’s stock valued at $706,000 after buying an additional 366 shares during the last quarter. Capital Impact Advisors LLC grew its position in Bloom Energy by 1.7% in the 3rd quarter. Capital Impact Advisors LLC now owns 34,793 shares of the company’s stock valued at $735,000 after buying an additional 584 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of Bloom Energy by 8.0% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 10,608 shares of the company’s stock worth $212,000 after purchasing an additional 785 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Bloom Energy by 1.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 57,530 shares of the company’s stock worth $1,100,000 after purchasing an additional 797 shares in the last quarter. Finally, Flputnam Investment Management Co. boosted its position in shares of Bloom Energy by 1.8% during the 4th quarter. Flputnam Investment Management Co. now owns 48,916 shares of the company’s stock worth $935,000 after purchasing an additional 846 shares in the last quarter. 79.55% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Shawn Marie Soderberg sold 9,348 shares of Bloom Energy stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $18.54, for a total value of $173,311.92. Following the transaction, the executive vice president now owns 469,631 shares of the company’s stock, valued at approximately $8,706,958.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Bloom Energy news, insider Sharelynn Faye Moore sold 6,002 shares of Bloom Energy stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $13.21, for a total transaction of $79,286.42. Following the transaction, the insider now owns 167,269 shares of the company’s stock, valued at approximately $2,209,623.49. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Shawn Marie Soderberg sold 9,348 shares of Bloom Energy stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $18.54, for a total value of $173,311.92. Following the transaction, the executive vice president now directly owns 469,631 shares in the company, valued at approximately $8,706,958.74. The disclosure for this sale can be found here. Insiders have sold a total of 248,564 shares of company stock valued at $4,223,800 over the last three months. Company insiders own 8.81% of the company’s stock.

Bloom Energy Price Performance

NYSE:BE traded up $1.45 during mid-day trading on Monday, reaching $16.59. 5,501,010 shares of the stock were exchanged, compared to its average volume of 3,545,448. The business has a fifty day moving average price of $16.05 and a 200 day moving average price of $19.59. The firm has a market capitalization of $3.46 billion, a PE ratio of -10.40 and a beta of 2.86. Bloom Energy Co. has a 1-year low of $12.33 and a 1-year high of $31.47. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 1.88.

Wall Street Analyst Weigh In

Several research firms recently commented on BE. Piper Sandler boosted their price objective on shares of Bloom Energy from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, April 17th. JPMorgan Chase & Co. upgraded shares of Bloom Energy from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $22.00 to $20.00 in a research report on Friday, May 19th. Jefferies Financial Group decreased their price objective on shares of Bloom Energy from $30.00 to $25.00 in a research report on Monday, May 15th. BMO Capital Markets decreased their price objective on shares of Bloom Energy from $22.00 to $18.50 in a research report on Wednesday, May 24th. Finally, TheStreet lowered shares of Bloom Energy from a “c-” rating to a “d+” rating in a research report on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.91.

Bloom Energy Profile

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Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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