Key Points
- Major shareholder Randy Soule sold 9 million shares of XCF Global Capital (NASDAQ: SAFX) on April 30 at an average price of $0.34, for proceeds of about $3.06 million.
- After the sale, Soule still owned 63.8 million shares valued at roughly $21.7 million, representing a 12.36% decrease in his position. The transaction was disclosed in an SEC filing.
- XCF Global Capital’s stock was trading around $0.42, with analysts maintaining a cautious view: the consensus rating is “Reduce” with an average price target of $0.40.
XCF Global Capital, Inc. (NASDAQ:SAFX - Get Free Report) major shareholder Randy Soule sold 9,000,000 shares of the firm's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $0.34, for a total value of $3,060,000.00. Following the completion of the transaction, the insider owned 63,805,455 shares of the company's stock, valued at approximately $21,693,854.70. This represents a 12.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $0.52, for a total value of $656,151.60.
XCF Global Capital Trading Up 2.7%
XCF Global Capital stock opened at $0.42 on Friday. The stock has a market cap of $116.24 million, a PE ratio of -0.69 and a beta of -0.43. The stock's 50-day moving average is $0.40. XCF Global Capital, Inc. has a 52 week low of $0.12 and a 52 week high of $45.90.
XCF Global Capital (NASDAQ:SAFX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.17) EPS for the quarter. The company had revenue of $4.69 million during the quarter. Equities research analysts predict that XCF Global Capital, Inc. will post -0.19 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on SAFX shares. Weiss Ratings started coverage on XCF Global Capital in a research note on Wednesday, January 14th. They issued a "sell (d-)" rating on the stock. Wall Street Zen raised XCF Global Capital to a "hold" rating in a research note on Saturday, April 11th. Zacks Research raised XCF Global Capital to a "hold" rating in a research note on Thursday, March 19th. Finally, Roth Mkm reaffirmed a "neutral" rating on shares of XCF Global Capital in a research note on Monday, April 13th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $0.40.
Check Out Our Latest Research Report on SAFX
Hedge Funds Weigh In On XCF Global Capital
Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its stake in shares of 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 purchasing an additional 69,698 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of XCF Global Capital by 379.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,789 shares of the company's stock valued at $33,000 after purchasing an additional 95,596 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of XCF Global Capital by 315.7% in the 4th quarter. Deutsche Bank AG now owns 199,524 shares of the company's stock valued at $54,000 after purchasing an additional 151,529 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of XCF Global Capital in the 4th quarter valued at about $42,000. Finally, Simplify Asset Management Inc. acquired a new position in shares of XCF Global Capital in the 1st quarter valued at about $69,000. 52.34% of the stock is owned by institutional investors and hedge funds.
XCF Global Capital Company Profile
(
Get Free Report)
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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