35,325 Shares in Bloom Energy Co. (NYSE:BE) Bought by Virtu Financial LLC

Virtu Financial LLC bought a new position in Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 35,325 shares of the company’s stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BE. JAT Capital Mgmt LP increased its stake in shares of Bloom Energy by 50.0% in the third quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock worth $23,221,000 after purchasing an additional 733,363 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bloom Energy by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company’s stock worth $36,737,000 after buying an additional 10,265 shares during the last quarter. Elemental Capital Partners LLC bought a new stake in shares of Bloom Energy in the fourth quarter valued at approximately $33,612,000. Trivest Advisors Ltd acquired a new stake in shares of Bloom Energy in the fourth quarter worth $30,539,000. Finally, Bank of New York Mellon Corp increased its position in Bloom Energy by 68.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,026,488 shares of the company’s stock worth $22,798,000 after acquiring an additional 417,120 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction 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 sale, the insider now owns 178,656 shares of the company’s stock, valued at $4,482,479.04. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 1,639 shares of the business’s stock in a transaction 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 directly owns 171,040 shares in the company, valued at $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BTIG Research increased their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the company a “buy” rating in a report on Monday, December 16th. Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target on shares of Bloom Energy from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Robert W. Baird boosted 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. Finally, UBS Group increased their price objective on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.06.

Bloom Energy Stock Performance

Shares of NYSE:BE opened at $23.03 on Tuesday. The firm’s 50 day simple moving average is $24.10 and its 200 day simple moving average is $19.50. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The company has a market capitalization of $5.31 billion, a price-to-earnings 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.

Bloom Energy Company 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.