Stem, Inc. (NYSE:STEM) CFO William John Bush Sells 37,284 Shares

Stem, Inc. (NYSE:STEMGet Rating) CFO William John Bush sold 37,284 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $7.62, for a total transaction of $284,104.08. Following the completion of the sale, the chief financial officer now owns 345,850 shares in the company, valued at $2,635,377. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

William John Bush also recently made the following trade(s):

  • On Tuesday, May 10th, William John Bush sold 2,080 shares of Stem stock. The stock was sold at an average price of $7.32, for a total transaction of $15,225.60.

STEM traded up $0.54 during trading hours on Thursday, reaching $7.95. 300,637 shares of the stock traded hands, compared to its average volume of 4,463,906. The firm’s fifty day simple moving average is $9.18 and its two-hundred day simple moving average is $13.91. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -4.84 and a beta of 2.33. Stem, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $37.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.80 and a quick ratio of 2.42.

Stem (NYSE:STEMGet Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $52.78 million for the quarter. Stem had a negative net margin of 26.88% and a positive return on equity of 5.83%. On average, research analysts predict that Stem, Inc. will post -0.73 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Susquehanna Bancshares cut their price target on shares of Stem from $25.00 to $20.00 in a research note on Friday, May 6th. Susquehanna cut their price target on shares of Stem from $25.00 to $20.00 in a research note on Friday, May 6th. Morgan Stanley initiated coverage on shares of Stem in a research note on Wednesday, March 23rd. They set an “equal weight” rating and a $13.00 price target on the stock. The Goldman Sachs Group dropped their price objective on shares of Stem from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, May 13th. Finally, Guggenheim initiated coverage on shares of Stem in a research report on Tuesday, March 22nd. They issued a “buy” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Stem currently has an average rating of “Buy” and an average price target of $24.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in Stem during the 3rd quarter valued at $58,000. Itau Unibanco Holding S.A. acquired a new position in Stem during the 4th quarter worth $49,000. Industrial Alliance Investment Management Inc. acquired a new position in Stem during the 4th quarter worth $178,000. O Shaughnessy Asset Management LLC acquired a new position in Stem during the 3rd quarter worth $90,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Stem by 97.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,083 shares of the company’s stock worth $98,000 after acquiring an additional 2,019 shares in the last quarter. 50.32% of the stock is owned by institutional investors and hedge funds.

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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