Family CFO Inc Trims Stock Position in Bloom Energy Co. (NYSE:BE)

Family CFO Inc trimmed its holdings in shares of Bloom Energy Co. (NYSE:BE) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,173 shares of the company’s stock after selling 6,000 shares during the period. Bloom Energy comprises 2.0% of Family CFO Inc’s investment portfolio, making the stock its 13th biggest holding. Family CFO Inc owned approximately 0.09% of Bloom Energy worth $3,066,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Creative Planning raised its stake in shares of Bloom Energy by 0.9% during the 2nd quarter. Creative Planning now owns 42,778 shares of the company’s stock worth $706,000 after buying an additional 366 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in shares of Bloom Energy by 4.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 11,110 shares of the company’s stock worth $212,000 after acquiring an additional 502 shares during the period. Sei Investments Co. grew its holdings in shares of Bloom Energy by 5.1% in the 2nd quarter. Sei Investments Co. now owns 13,989 shares of the company’s stock worth $229,000 after acquiring an additional 677 shares during the period. Patten Group Inc. grew its holdings in shares of Bloom Energy by 5.8% in the 3rd quarter. Patten Group Inc. now owns 17,408 shares of the company’s stock worth $231,000 after acquiring an additional 960 shares during the period. Finally, Tsfg LLC grew its holdings in shares of Bloom Energy by 11.1% in the 4th quarter. Tsfg LLC now owns 10,006 shares of the company’s stock worth $148,000 after acquiring an additional 1,000 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Trading Down 0.5 %

Shares of BE stock traded down $0.05 during mid-day trading on Thursday, hitting $9.75. 4,234,913 shares of the company’s stock were exchanged, compared to its average volume of 5,467,727. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $18.76. The stock has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $11.76. The company has a quick ratio of 2.53, a current ratio of 3.60 and a debt-to-equity ratio of 2.41. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of -6.72 and a beta of 2.79.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.11. The business had revenue of $356.92 million for the quarter, compared to analysts’ expectations of $481.90 million. Bloom Energy had a negative return on equity of 23.88% and a negative net margin of 22.66%. Equities analysts expect that Bloom Energy Co. will post -0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Shawn Marie Soderberg sold 13,120 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $9.34, for a total value of $122,540.80. Following the transaction, the executive vice president now directly owns 73,946 shares of the company’s stock, valued at approximately $690,655.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Shawn Marie Soderberg sold 13,120 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $9.34, for a total value of $122,540.80. Following the transaction, the executive vice president now directly owns 73,946 shares of the company’s stock, valued at approximately $690,655.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kr Sridhar sold 50,746 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $9.74, for a total value of $494,266.04. Following the completion of the transaction, the chief executive officer now directly owns 2,702,608 shares in the company, valued at $26,323,401.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,989 shares of company stock valued at $725,292. 8.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of research reports. Royal Bank of Canada lowered their price target on Bloom Energy from $21.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Truist Financial upgraded Bloom Energy from a “sell” rating to a “hold” rating and upped their price target for the stock from $9.00 to $11.00 in a report on Wednesday, March 6th. BTIG Research assumed coverage on Bloom Energy in a report on Thursday, January 25th. They issued a “buy” rating and a $21.00 price target on the stock. Bank of America cut Bloom Energy from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $16.00 to $10.00 in a report on Monday, January 29th. Finally, Evercore ISI assumed coverage on Bloom Energy in a report on Monday, April 1st. They set an “outperform” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.69.

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.