Cambridge Investment Research Advisors Inc. Has $635,000 Stock Holdings in Bloom Energy Co. (NYSE:BE)

Cambridge Investment Research Advisors Inc. grew its stake in shares of Bloom Energy Co. (NYSE:BE – Get Rating) by 84.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,218 shares of the company’s stock after purchasing an additional 15,190 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Bloom Energy were worth $635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BE. Vanguard Group Inc. grew its holdings in shares of Bloom Energy by 12.8% during the third quarter. Vanguard Group Inc. now owns 16,259,631 shares of the company’s stock valued at $325,030,000 after buying an additional 1,842,320 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Bloom Energy by 8.8% in the 3rd quarter. BlackRock Inc. now owns 20,925,333 shares of the company’s stock valued at $418,298,000 after purchasing an additional 1,699,072 shares during the period. Two Sigma Investments LP lifted its position in shares of Bloom Energy by 311.2% in the third quarter. Two Sigma Investments LP now owns 2,169,510 shares of the company’s stock worth $43,369,000 after purchasing an additional 1,641,938 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Bloom Energy by 1,894.6% during the third quarter. Victory Capital Management Inc. now owns 1,271,350 shares of the company’s stock worth $25,414,000 after purchasing an additional 1,207,610 shares during the period. Finally, Two Sigma Advisers LP grew its position in Bloom Energy by 158.4% during the third quarter. Two Sigma Advisers LP now owns 1,785,255 shares of the company’s stock valued at $35,687,000 after purchasing an additional 1,094,455 shares in the last quarter. Institutional investors and hedge funds own 79.55% of the company’s stock.

Insider Activity at Bloom Energy

In other news, CEO Kr Sridhar sold 42,239 shares of Bloom Energy stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $12.64, for a total transaction of $533,900.96. Following the sale, the chief executive officer now owns 700,633 shares of the company’s stock, valued at approximately $8,856,001.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Sharelynn Faye Moore sold 2,016 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $18.52, for a total value of $37,336.32. Following the completion of the transaction, the insider now owns 162,175 shares of the company’s stock, valued at $3,003,481. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 42,239 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $12.64, for a total transaction of $533,900.96. Following the transaction, the chief executive officer now owns 700,633 shares of the company’s stock, valued at approximately $8,856,001.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 271,361 shares of company stock worth $4,715,532. Company insiders own 8.81% of the company’s stock.

Bloom Energy Stock Performance

NYSE BE opened at $14.83 on Wednesday. The company’s fifty day moving average is $17.08 and its two-hundred day moving average is $20.19. Bloom Energy Co. has a 52-week low of $12.33 and a 52-week high of $31.47. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.61 and a quick ratio of 1.10. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of -9.51 and a beta of 2.85.

Analysts Set New Price Targets

BE has been the subject of a number of research reports. Piper Sandler lifted their target price on shares of Bloom Energy from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, April 17th. Credit Suisse Group restated an “outperform” rating and issued a $32.00 target price on shares of Bloom Energy in a research note on Monday, February 13th. Morgan Stanley cut their price target on Bloom Energy from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, April 3rd. Wells Fargo & Company lowered their price target on Bloom Energy from $24.00 to $20.00 in a research note on Friday, May 12th. Finally, Jefferies Financial Group cut their price objective on shares of Bloom Energy from $30.00 to $25.00 in a research report on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.19.

Bloom Energy Profile

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Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K.