Stem, Inc. (NYSE:STEM) CAO Rahul Shukla Sells 24,567 Shares

Stem, Inc. (NYSE:STEM) CAO Rahul Shukla sold 24,567 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $0.54, for a total transaction of $13,266.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rahul Shukla also recently made the following trade(s):

• On Wednesday, March 12th, Rahul Shukla sold 7,469 shares of Stem stock. The shares were sold at an average price of $0.40, for a total transaction of $2,987.60.
• On Tuesday, February 25th, Rahul Shukla sold 9,048 shares of Stem stock. The shares were sold at an average price of $0.51, for a total transaction of $4,614.48.

Stem Stock Performance

Shares of STEM stock opened at $0.53 on Friday. Stem, Inc. has a 52 week low of $0.29 and a 52 week high of $1.68. The company’s 50 day moving average price is $0.41 and its two-hundred day moving average price is $0.49. The company has a market capitalization of $86.77 million, a P/E ratio of -0.10 and a beta of 1.42.

Stem (NYSE:STEM) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. The business had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. Analysts forecast that Stem, Inc. will post -0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Aries Wealth Management lifted its stake in Stem by 100.0% in the 4th quarter. Aries Wealth Management now owns 50,000 shares of the company’s stock valued at $30,000 after acquiring an additional 25,000 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Stem by 25.3% in the fourth quarter. Bank of America Corp DE now owns 183,840 shares of the company’s stock valued at $111,000 after purchasing an additional 37,115 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Stem by 8.7% during the fourth quarter. Wells Fargo & Company MN now owns 678,685 shares of the company’s stock worth $409,000 after purchasing an additional 54,194 shares during the last quarter. CWM LLC grew its position in Stem by 317.7% in the first quarter. CWM LLC now owns 89,913 shares of the company’s stock valued at $31,000 after purchasing an additional 68,386 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Stem in the 3rd quarter valued at $25,000. 61.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on STEM shares. Susquehanna lifted their price objective on Stem from $0.40 to $0.60 and gave the stock a “neutral” rating in a research note on Thursday, May 1st. BMO Capital Markets decreased their target price on Stem from $0.50 to $0.40 and set a “market perform” rating for the company in a research report on Wednesday, March 5th. UBS Group reiterated a “neutral” rating on shares of Stem in a research report on Monday, April 14th. Finally, Roth Mkm upped their target price on shares of Stem from $0.35 to $0.40 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1.11.

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.