Harel Insurance Investments & Financial Services Ltd. Has $26,000 Stake in 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% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,168 shares of the company’s stock after selling 2,235 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Bloom Energy were worth $26,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BE. Millburn Ridgefield Corp lifted its position in Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after purchasing an additional 528 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Bloom Energy in the 3rd quarter valued at approximately $34,000. Avior Wealth Management LLC bought a new stake in shares of Bloom Energy during the 4th quarter worth approximately $40,000. GAMMA Investing LLC boosted its position in shares of Bloom Energy by 26.8% during the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock worth $60,000 after acquiring an additional 569 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Bloom Energy in the third quarter valued at approximately $74,000. 77.04% of the stock is owned by institutional investors.

Bloom Energy Price Performance

Shares of NYSE BE opened at $29.65 on Monday. The company has a market capitalization of $6.78 billion, a PE ratio of -52.95 and a beta of 3.06. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $29.83. The firm has a fifty day simple moving average of $24.77 and a 200 day simple moving average of $16.21.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Bank of America raised their target price on Bloom Energy from $7.00 to $20.00 and gave the company an “underperform” rating in a report on Monday, December 9th. Jefferies Financial Group raised their price objective on Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Roth Mkm started coverage on Bloom Energy in a research note on Wednesday, December 11th. They set a “neutral” rating and a $25.00 target price for the company. Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research note on Tuesday, December 10th. Finally, Truist Financial lifted their price target on shares of Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $23.08.

Insider Transactions at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,289 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the completion of the sale, the insider now owns 168,561 shares of the company’s stock, valued at $4,139,858.16. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kr Sridhar sold 46,697 shares of Bloom Energy 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 completion of the sale, the chief executive officer now owns 1,822,496 shares of the company’s stock, valued at $45,562,400. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,528 shares of company stock valued at $3,061,501. Corporate insiders own 8.81% of the company’s stock.

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.