Harel Insurance Investments & Financial Services Ltd. Sells 2,235 Shares of Bloom Energy Co. (NYSE:BE)

Harel Insurance Investments & Financial Services Ltd. lessened its holdings in shares of Bloom Energy Co. (NYSE:BE) by 65.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,168 shares of the company’s stock after selling 2,235 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Bloom Energy were worth $26,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Millburn Ridgefield Corp raised its holdings in shares of Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after acquiring an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Bloom Energy during the 3rd quarter worth approximately $34,000. Avior Wealth Management LLC purchased a new stake in shares of Bloom Energy in the fourth quarter worth approximately $40,000. GAMMA Investing LLC lifted its holdings in shares of Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after purchasing an additional 569 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Bloom Energy during the third quarter valued at approximately $74,000. 77.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BE. Robert W. Baird increased their price target on Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. HSBC downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 target price for the company. in a report on Wednesday, November 20th. Morgan Stanley upped their price objective on shares of Bloom Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Bank of America lifted their target price on shares of Bloom Energy from $7.00 to $20.00 and gave the stock an “underperform” rating in a research report on Monday, December 9th. Finally, Hsbc Global Res raised Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus target price of $23.08.

Bloom Energy Price Performance

Bloom Energy stock opened at $29.65 on Monday. The firm has a market capitalization of $6.78 billion, a P/E ratio of -52.95 and a beta of 3.06. Bloom Energy Co. has a one year low of $8.41 and a one year high of $29.83. 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 has a fifty day moving average price of $24.77 and a 200-day moving average price of $16.21.

Insiders Place Their Bets

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kr Sridhar sold 46,697 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the transaction, the chief executive officer now owns 1,822,496 shares of the company’s stock, valued at $45,562,400. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,528 shares of company stock worth $3,061,501 in the last quarter. 8.81% of the stock is owned by company insiders.

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.