DigitalBridge Group Inc. Buys 75,974 Shares of Bloom Energy Co. (NYSE:BE)

DigitalBridge Group Inc. grew its stake in Bloom Energy Co. (NYSE:BE - Free Report) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,418,257 shares of the company's stock after buying an additional 75,974 shares during the quarter. Bloom Energy accounts for about 2.2% of DigitalBridge Group Inc.'s investment portfolio, making the stock its 16th biggest holding. DigitalBridge Group Inc. owned about 0.62% of Bloom Energy worth $31,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Bloom Energy in the 4th quarter valued at about $93,951,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Bloom Energy during the 4th quarter worth approximately $61,968,000. Elemental Capital Partners LLC bought a new position in shares of Bloom Energy during the 4th quarter worth approximately $33,612,000. Trivest Advisors Ltd acquired a new position in shares of Bloom Energy during the 4th quarter worth approximately $30,539,000. Finally, Voloridge Investment Management LLC raised its stake in Bloom Energy by 323.6% in the 4th quarter. Voloridge Investment Management LLC now owns 1,440,428 shares of the company's stock valued at $31,992,000 after acquiring an additional 1,100,352 shares during the period. Institutional investors own 77.04% of the company's stock.

Insider Buying and Selling

In related news, insider Shawn Marie Soderberg sold 2,780 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total value of $54,821.60. Following the transaction, the insider now directly owns 152,890 shares in the company, valued at $3,014,990.80. This trade represents a 1.79% 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 42,383 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $19.14, for a total transaction of $811,210.62. Following the sale, the chief executive officer now owns 2,724,613 shares of the company's stock, valued at $52,149,092.82. This trade represents a 1.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,375 shares of company stock valued at $1,053,445 over the last quarter. Insiders own 3.60% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on BE shares. Royal Bank of Canada set a $26.00 target price on shares of Bloom Energy in a report on Monday, April 14th. Susquehanna dropped their price target on Bloom Energy from $33.00 to $26.00 and set a "positive" rating for the company in a report on Monday, April 14th. BMO Capital Markets restated a "market perform" rating on shares of Bloom Energy in a research note on Friday, February 28th. TD Cowen increased their price objective on Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research report on Friday, February 28th. Finally, Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.97.

Bloom Energy Trading Down 3.2%

Shares of NYSE:BE traded down $0.63 during midday trading on Thursday, hitting $18.96. 1,919,414 shares of the stock were exchanged, compared to its average volume of 6,523,277. The business's 50-day moving average price is $18.62 and its 200 day moving average price is $22.08. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -33.86 and a beta of 3.25. Bloom Energy Co. has a 12 month low of $9.02 and a 12 month high of $29.83. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36.

Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.10. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. The firm had revenue of $326.02 million during the quarter, compared to analysts' expectations of $294.27 million. During the same period in the prior year, the company posted ($0.17) EPS. The company's revenue was up 38.5% on a year-over-year basis. Analysts predict that Bloom Energy Co. will post -0.23 earnings per share for the current year.

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.