Insider Selling: Stem, Inc. (NYSE:STEM) CRO Sells 1,564 Shares of Stock

Stem, Inc. (NYSE:STEM – Get Rating) CRO Alan Russo sold 1,564 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $7.32, for a total value of $11,448.48. Following the sale, the executive now owns 186,235 shares of the company’s stock, valued at approximately $1,363,240.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:STEM opened at $6.48 on Friday. The firm has a market capitalization of $994.29 million, a price-to-earnings ratio of -4.24 and a beta of 2.33. The stock’s 50 day moving average is $9.30 and its 200-day moving average is $14.44. Stem, Inc. has a twelve month low of $5.72 and a twelve month high of $37.79. The company has a quick ratio of 11.38, a current ratio of 2.80 and a debt-to-equity ratio of 0.71.

Stem (NYSE:STEM – Get Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $52.78 million during the quarter. Stem had a positive return on equity of 5.83% and a negative net margin of 26.88%. Equities research analysts anticipate that Stem, Inc. will post -0.73 earnings per share for the current fiscal year.

STEM has been the topic of a number of research reports. The Goldman Sachs Group lowered their price objective on Stem from $19.00 to $17.00 in a research report on Friday. Susquehanna Bancshares decreased their price objective on shares of Stem from $25.00 to $20.00 in a research note on Friday, May 6th. Susquehanna reduced their target price on Stem from $25.00 to $20.00 in a report on Friday, May 6th. Guggenheim assumed coverage on Stem in a research report on Tuesday, March 22nd. They set a “buy” rating and a $16.00 price objective for the company. Finally, Morgan Stanley began coverage on shares of Stem in a research note on Wednesday, March 23rd. They issued an “equal weight” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.14.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blair William & Co. IL boosted its position in Stem by 7.1% in the fourth quarter. Blair William & Co. IL now owns 17,043 shares of the company’s stock worth $323,000 after purchasing an additional 1,133 shares during the last quarter. Prentice Wealth Management LLC bought a new stake in Stem in the third quarter worth about $34,000. Principal Financial Group Inc. lifted its stake in Stem by 7.7% in the first quarter. Principal Financial Group Inc. now owns 20,874 shares of the company’s stock valued at $230,000 after purchasing an additional 1,485 shares during the last quarter. Waratah Capital Advisors Ltd. grew its stake in shares of Stem by 2.7% during the 4th quarter. Waratah Capital Advisors Ltd. now owns 56,802 shares of the company’s stock worth $1,078,000 after acquiring an additional 1,493 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Stem by 20.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,392 shares of the company’s stock worth $248,000 after acquiring an additional 1,795 shares during the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.

Stem Company Profile (Get Rating)

Stem, Inc operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems.

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