XCF Global Capital (NASDAQ:SAFX) Major Shareholder Sells $3,060,000.00 in Stock

XCF Global Capital, Inc. (NASDAQ:SAFX) major shareholder Randy Soule sold 9,000,000 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $0.34, for a total transaction of $3,060,000.00. Following the transaction, the insider owned 63,805,455 shares in the company, valued at $21,693,854.70. The trade was a 12.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Randy Soule also recently made the following trade(s):

• On Thursday, March 12th, Randy Soule sold 1,261,830 shares of XCF Global Capital stock. The stock was sold at an average price of $0.52, for a total transaction of $656,151.60.

XCF Global Capital Price Performance

SAFX opened at $0.42 on Monday. The firm has a market capitalization of $116.24 million, a price-to-earnings ratio of -0.69 and a beta of -0.43. XCF Global Capital, Inc. has a twelve month low of $0.12 and a twelve month high of $45.90. The stock’s 50-day simple moving average is $0.40.

XCF Global Capital (NASDAQ:SAFX) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $4.69 million for the quarter. Equities analysts anticipate that XCF Global Capital, Inc. will post -0.19 EPS for the current year.

Hedge Funds Weigh In On XCF Global Capital

Several large investors have recently made changes to their positions in SAFX. Polar Asset Management Partners Inc. lifted its holdings in shares of XCF Global Capital by 51.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company’s stock worth $582,000 after acquiring an additional 720,000 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in shares of XCF Global Capital in the 4th quarter worth approximately $64,000. Geode Capital Management LLC lifted its holdings in shares of XCF Global Capital by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company’s stock worth $321,000 after acquiring an additional 200,147 shares during the last quarter. Simplify Asset Management Inc. acquired a new position in shares of XCF Global Capital in the 1st quarter worth approximately $69,000. Finally, Jane Street Group LLC acquired a new position in shares of XCF Global Capital in the 4th quarter worth approximately $42,000. 52.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAFX has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of XCF Global Capital to a “hold” rating in a report on Saturday, April 11th. Roth Mkm reiterated a “neutral” rating on shares of XCF Global Capital in a report on Monday, April 13th. Zacks Research upgraded shares of XCF Global Capital to a “hold” rating in a report on Thursday, March 19th. Finally, Weiss Ratings upgraded shares of XCF Global Capital from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, XCF Global Capital currently has a consensus rating of “Reduce” and an average target price of $0.40.

XCF Global Capital Company Profile

XCF Global Capital Inc is a player in decarbonizing the aviation industry through Sustainable Aviation Fuel. XCF Global Capital Inc, formerly known as Focus Impact BH3 Acquisition Company, is based in RENO, NV.