William John Bush Sells 24,035 Shares of Stem, Inc. (NYSE:STEM) Stock

Stem, Inc. (NYSE:STEM) CFO William John Bush sold 24,035 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total value of $44,945.45. Following the sale, the chief financial officer now owns 390,217 shares of the company’s stock, valued at approximately $729,705.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, March 8th, William John Bush sold 46,034 shares of Stem stock. The shares were sold at an average price of $2.19, for a total value of $100,814.46.
• On Friday, February 16th, William John Bush sold 20,367 shares of Stem stock. The shares were sold at an average price of $3.17, for a total value of $64,563.39.

Stem Price Performance

NYSE STEM traded down $0.05 during trading on Tuesday, hitting $1.84. 2,665,681 shares of the 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 firm has a 50-day simple moving average of $2.06 and a 200-day simple moving average of $2.88. The company has a quick ratio of 1.78, a current ratio of 1.88 and a debt-to-equity ratio of 1.23. Stem, Inc. has a 12-month low of $1.46 and a 12-month high of $7.79.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Stem

Several institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its holdings in Stem by 3.3% during the 4th quarter. Schroder Investment Management Group now owns 11,431,320 shares of the company’s stock valued at $44,354,000 after buying an additional 360,232 shares in the last quarter. BNP Paribas Asset Management Holding S.A. boosted its holdings in shares of Stem by 4.7% in the 4th quarter. BNP Paribas Asset Management Holding S.A. now owns 6,637,625 shares of the company’s stock worth $25,754,000 after purchasing an additional 296,291 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Stem by 106.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,341,334 shares of the company’s stock worth $26,887,000 after purchasing an additional 3,271,193 shares during the period. Electron Capital Partners LLC boosted its holdings in shares of Stem by 62.2% in the 3rd quarter. Electron Capital Partners LLC now owns 4,978,739 shares of the company’s stock worth $21,110,000 after purchasing an additional 1,909,478 shares during the period. Finally, Alkeon Capital Management LLC boosted its holdings in shares of Stem by 34.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 3,888,612 shares of the company’s stock worth $16,488,000 after purchasing an additional 1,000,000 shares during the period. Hedge funds and other 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.