Insider Selling: XCF Global Capital (NASDAQ:SAFX) Major Shareholder Sells 9,000,000 Shares of Stock

Key Points

• Major insider sale: Randy Soule sold 9,000,000 shares of XCF Global Capital on April 30 at an average price of $0.34, generating about $3.06 million and reducing his position by 12.36%.
• After the transaction Soule still owned 63,805,455 shares (about $21.7 million), and he had earlier sold 1,261,830 shares on March 12, signaling multiple recent insider disposals.
• Stock and analyst context: Shares trade near $0.42 (50-day MA $0.40) with a MarketBeat consensus of "Reduce" and an average target of $0.40; the company reported a loss (‑$0.17 EPS last quarter) and is expected to post negative EPS for the year.

XCF Global Capital, Inc. (NASDAQ:SAFX - Get Free Report) major shareholder Randy Soule sold 9,000,000 shares of the company's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $0.34, for a total transaction of $3,060,000.00. Following the completion of the sale, the insider owned 63,805,455 shares in the company, valued at approximately $21,693,854.70. This trade represents a 12.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Randy Soule also recently made the following trade(s):

• On Thursday, March 12th, Randy Soule sold 1,261,830 shares of XCF Global Capital stock. The shares were sold at an average price of $0.52, for a total transaction of $656,151.60.

XCF Global Capital Price Performance

Shares of NASDAQ:SAFX traded up $0.01 during midday trading on Friday, reaching $0.42. 2,389,303 shares of the company's stock were exchanged, compared to its average volume of 24,571,279. XCF Global Capital, Inc. has a 12 month low of $0.12 and a 12 month high of $45.90. The stock has a market cap of $114.59 million, a price-to-earnings ratio of -0.68 and a beta of -0.43. The business has a 50 day moving average price of $0.40.

XCF Global Capital (NASDAQ:SAFX - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $4.69 million for the quarter. As a group, equities research analysts expect that XCF Global Capital, Inc. will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of XCF Global Capital to a "hold" rating in a report on Saturday, April 11th. Zacks Research raised shares of XCF Global Capital to a "hold" rating in a report on Thursday, March 19th. Weiss Ratings assumed coverage on shares of XCF Global Capital in a report on Wednesday, January 14th. They issued a "sell (d-)" rating for the company. Finally, Roth Mkm reissued a "neutral" rating on shares of XCF Global Capital in a report on Monday, April 13th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average target price of $0.40.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Simplify Asset Management Inc. bought a new position in XCF Global Capital in the 1st quarter valued at approximately $69,000. J. Derek Lewis & Associates Inc. bought a new position in XCF Global Capital in the 4th quarter valued at approximately $64,000. Polar Asset Management Partners Inc. raised its holdings in XCF Global Capital by 51.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 2,131,109 shares of the company's stock valued at $582,000 after buying an additional 720,000 shares during the last quarter. State Street Corp raised its holdings in XCF Global Capital by 37.3% in the 4th quarter. State Street Corp now owns 256,448 shares of the company's stock valued at $70,000 after buying an additional 69,698 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in XCF Global Capital in the 4th quarter valued at approximately $42,000. Institutional investors own 52.34% of the company's stock.

XCF Global Capital Company Profile

XCF Global Capital Inc is a player in decarbonizing the aviation industry through Sustainable Aviation Fuel. XCF Global Capital Inc, formerly known as Focus Impact BH3 Acquisition Company, is based in RENO, NV.

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