Virtu Financial LLC Makes New $785,000 Investment in Bloom Energy Co. (NYSE:BE)

Virtu Financial LLC bought a new stake in Bloom Energy Co. (NYSE:BE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,325 shares of the company’s stock, valued at approximately $785,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp raised its stake in shares of Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after purchasing an additional 528 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in Bloom Energy during the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its position in Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after acquiring an additional 934 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock valued at $33,000 after acquiring an additional 812 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Bloom Energy in the 3rd quarter valued at about $34,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating on shares of Bloom Energy in a report on Friday, February 28th. Morgan Stanley increased their price target on Bloom Energy from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Robert W. Baird lifted their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. UBS Group increased their price objective on shares of Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Truist Financial lifted their target price on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $25.06.

Insider Transactions at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by insiders.

Bloom Energy Trading Down 3.8 %

Shares of NYSE:BE opened at $23.03 on Tuesday. The company has a market capitalization of $5.31 billion, a P/E ratio of -41.12 and a beta of 3.30. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The business’s 50 day simple moving average is $24.10 and its 200 day simple moving average is $19.50. Bloom Energy Co. has a 1 year low of $9.02 and a 1 year high of $29.83.

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.