Ursa Fund Management LLC Buys Shares of 15,000 Bloom Energy Co. (NYSE:BE)

Ursa Fund Management LLC acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,000 shares of the company's stock, valued at approximately $333,000. Bloom Energy comprises about 0.0% of Ursa Fund Management LLC's holdings, making the stock its 7th biggest position.

Several other hedge funds also recently made changes to their positions in BE. Vanguard Group Inc. grew its position in Bloom Energy by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after buying an additional 356,317 shares during the period. Norges Bank purchased a new position in Bloom Energy in the 4th quarter valued at approximately $93,951,000. Fuller & Thaler Asset Management Inc. acquired a new position in Bloom Energy during the fourth quarter worth $61,968,000. Legal & General Group Plc boosted its position in Bloom Energy by 7.3% during the fourth quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock worth $47,381,000 after purchasing an additional 144,616 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Bloom Energy by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock valued at $36,737,000 after purchasing an additional 10,265 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Activity

In related news, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total value of $25,591.80. Following the sale, the insider now owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. This trade represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 2,780 shares of the business's 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 completion of the sale, the insider now directly owns 152,890 shares in the company, valued at $3,014,990.80. This represents a 1.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,375 shares of company stock valued at $1,053,445 in the last three months. Corporate insiders own 3.60% of the company's stock.

Bloom Energy Trading Up 6.2%

NYSE:BE traded up $1.13 during mid-day trading on Friday, reaching $19.50. The company's stock had a trading volume of 5,067,047 shares, compared to its average volume of 6,636,837. The stock has a market cap of $4.53 billion, a P/E ratio of -34.82 and a beta of 3.25. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month 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 company's fifty day simple moving average is $18.92 and its two-hundred day simple moving average is $21.99.

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

Analysts Set New Price Targets

Several analysts have issued reports on BE shares. TD Cowen upped their price target on shares of Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a report on Friday, February 28th. Bank of America reduced their target price on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Hsbc Global Res raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. Roth Mkm cut their price target on Bloom Energy from $26.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, HSBC raised Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price objective on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Bloom Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.97.

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.