

increased its holdings in Beam Global by 147.4% in the third quarter. Hedge funds and other institutional investors have recently bought and sold shares of the company. 3.85% of the stock is owned by corporate insiders. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Following the completion of the sale, the chief executive officer now directly owns 74,422 shares of the company's stock, valued at $1,661,843.26. The shares were sold at an average price of $22.33, for a total value of $33,495.00. Wheatley sold 1,500 shares of the stock in a transaction that occurred on Monday, April 4th. Separately, BTIG Research reduced their price objective on shares of Beam Global from $42.00 to $25.00 in a research note on Thursday, May 26th. Beam Global had a negative net margin of 66.88% and a negative return on equity of 25.18%. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.06). Zacks' sales averages are an average based on a survey of research firms that cover Beam Global.īeam Global ( NASDAQ:BEEM - Get Rating) last posted its quarterly earnings data on Tuesday, May 24th. For the next year, analysts anticipate that the business will post sales of $44.25 million, with estimates ranging from $38.50 million to $50.00 million. On average, analysts expect that Beam Global will report full-year sales of $17.93 million for the current year, with estimates ranging from $13.80 million to $20.00 million.

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