Key Points
- Major shareholder Randy Soule sold 5 million shares of XCF Global Capital (NASDAQ: SAFX) on May 15 for about $2.05 million at an average price of $0.41 per share. After the sale, he still owned more than 72.3 million shares.
- This was part of a recent selling streak for Soule, who also sold 9 million shares on April 30 and 1.26 million shares on March 12.
- XCF Global Capital reported a quarterly loss and missed earnings expectations, posting EPS of -$0.07 versus the -$0.05 estimate. Analysts currently rate the stock around “Reduce” with an average price target of $0.40.
XCF Global Capital, Inc. (NASDAQ:SAFX - Get Free Report) major shareholder Randy Soule sold 5,000,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $0.41, for a total transaction of $2,050,000.00. Following the sale, the insider owned 72,383,239 shares of the company's stock, valued at $29,677,127.99. This trade represents a 6.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Randy Soule also recently made the following trade(s):
- On Thursday, April 30th, Randy Soule sold 9,000,000 shares of XCF Global Capital stock. The shares were sold at an average price of $0.34, for a total value of $3,060,000.00.
- 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 Stock Performance
SAFX opened at $0.46 on Friday. XCF Global Capital, Inc. has a one year low of $0.12 and a one year high of $45.90. The business's fifty day moving average price is $0.44. The stock has a market capitalization of $125.91 million, a P/E ratio of -0.67 and a beta of -0.43.
XCF Global Capital (NASDAQ:SAFX - Get Free Report) last released its earnings results on Friday, May 15th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The business had revenue of $0.35 million during the quarter. XCF Global Capital had a net margin of 300.85% and a negative return on equity of 588.22%. Equities analysts anticipate that XCF Global Capital, Inc. will post -0.19 EPS for the current fiscal year.
Institutional Trading of XCF Global Capital
Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of XCF Global Capital by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,174,455 shares of the company's stock worth $321,000 after buying an additional 200,147 shares in the last quarter. Goldman Sachs Group Inc. raised 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 worth $33,000 after buying an additional 95,596 shares in the last quarter. Deutsche Bank AG raised 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 worth $54,000 after buying an additional 151,529 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of XCF Global Capital in the 4th quarter worth $42,000. Finally, State Street Corp raised 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 worth $70,000 after buying an additional 69,698 shares in the last quarter. Institutional investors own 52.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Roth Mkm restated a "neutral" rating on shares of XCF Global Capital in a research report on Monday, April 13th. Weiss Ratings upgraded XCF Global Capital from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, May 8th. Wall Street Zen upgraded XCF Global Capital to a "hold" rating in a research report on Saturday, April 11th. Finally, Zacks Research upgraded XCF Global Capital to a "hold" rating in a research report on Thursday, March 19th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $0.40.
Read Our Latest Stock Analysis on XCF Global Capital
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.
Further Reading
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