Semanteon Capital Management LP Purchases Shares of 56,685 Bloom Energy Co. (NYSE:BE)

Semanteon Capital Management LP purchased a new stake in Bloom Energy Co. (NYSE:BE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 56,685 shares of the company’s stock, valued at approximately $1,259,000.

Several other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after buying an additional 934 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in shares of Bloom Energy during the 4th quarter valued at $28,000. Jones Financial Companies Lllp raised its position in shares of Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock valued at $33,000 after buying an additional 812 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Bloom Energy during the 4th quarter valued at $40,000. Finally, Millburn Ridgefield Corp raised its position 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 valued at $25,000 after buying an additional 528 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, 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 of the company’s stock, valued at $4,482,479.04. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy 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 transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is owned by company insiders.

Bloom Energy Stock Up 4.7 %

NYSE:BE opened at $25.46 on Friday. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The stock has a market capitalization of $5.87 billion, a P/E ratio of -45.46 and a beta of 3.30. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The company’s 50-day simple moving average is $24.10 and its 200-day simple moving average is $19.22.

Analysts Set New Price Targets

Several analysts have recently weighed in on BE shares. BMO Capital Markets restated a “market perform” rating on shares of Bloom Energy in a research report on Friday, February 28th. Robert W. Baird raised their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Truist Financial raised their price objective on shares of Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. BTIG Research lifted their target price on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.06.

Bloom Energy Profile

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.