Stem, Inc. (NYSE:STEM) CRO Sells $45,145.54 in Stock

Stem, Inc. (NYSE:STEM) CRO Alan Russo sold 24,142 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $1.87, for a total transaction of $45,145.54. Following the sale, the executive now directly owns 212,910 shares of the company’s stock, valued at $398,141.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Alan Russo also recently made the following trade(s):

• On Friday, February 16th, Alan Russo sold 14,390 shares of Stem stock. The stock was sold at an average price of $3.17, for a total transaction of $45,616.30.

Stem Stock Performance

Shares of STEM stock traded down $0.05 during trading on Tuesday, reaching $1.84. 2,665,681 shares of the company’s stock traded hands, compared to its average volume of 4,649,402. The company has a market capitalization of $290.30 million, a P/E ratio of -1.48 and a beta of 1.88. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23. The firm’s 50-day moving average is $2.06 and its 200 day moving average is $2.88. Stem, Inc. has a 1 year low of $1.46 and a 1 year high of $7.79.

Stem (NYSE:STEM) last posted its earnings results on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The firm had revenue of $167.42 million for the quarter, compared to the consensus estimate of $254.23 million. Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. Equities research analysts expect that Stem, Inc. will post -0.51 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on STEM shares. The Goldman Sachs Group reissued a “neutral” rating and set a $2.50 target price (down from $5.50) on shares of Stem in a research report on Friday, March 22nd. Susquehanna decreased their target price on shares of Stem from $5.50 to $4.00 and set a “positive” rating for the company in a research report on Thursday, February 29th. BMO Capital Markets reduced their price objective on shares of Stem from $4.00 to $3.25 and set a “market perform” rating for the company in a research report on Thursday, February 29th. TD Cowen reduced their price objective on shares of Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Finally, Piper Sandler reduced their price objective on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Stem presently has a consensus rating of “Hold” and a consensus target price of $5.96.

Institutional Trading of Stem

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund increased its holdings in shares of Stem by 6.9% in the 4th quarter. New York State Common Retirement Fund now owns 59,491 shares of the company’s stock worth $231,000 after buying an additional 3,855 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Stem by 25.4% in the 4th quarter. Victory Capital Management Inc. now owns 19,536 shares of the company’s stock worth $76,000 after buying an additional 3,955 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Stem by 16.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,187 shares of the company’s stock worth $149,000 after buying an additional 4,924 shares during the last quarter. Swiss National Bank increased its holdings in shares of Stem by 1.6% in the 3rd quarter. Swiss National Bank now owns 324,800 shares of the company’s stock worth $1,377,000 after buying an additional 5,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Stem by 39.3% in the 3rd quarter. Principal Financial Group Inc. now owns 21,067 shares of the company’s stock worth $89,000 after buying an additional 5,941 shares during the last quarter. Institutional investors own 61.63% of the company’s stock.

About Stem

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.