Scott W. Hart Sells 900 Shares of StepStone Group LP (NASDAQ:STEP) Stock

StepStone Group LP (NASDAQ:STEP) CEO Scott W. Hart sold 900 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $60.01, for a total value of $54,009.00. Following the transaction, the chief executive officer now directly owns 109,100 shares in the company, valued at $6,547,091. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

StepStone Group Trading Up 1.4%

Shares of NASDAQ STEP opened at $59.55 on Friday. StepStone Group LP has a twelve month low of $36.97 and a twelve month high of $70.38. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of -35.24 and a beta of 1.37. The business has a 50 day simple moving average of $51.52 and a 200-day simple moving average of $58.02.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STEP. Oppenheimer set a $67.00 target price on StepStone Group and gave the company an “outperform” rating in a research report on Wednesday, April 16th. Evercore ISI upped their target price on StepStone Group from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Morgan Stanley cut their target price on StepStone Group from $66.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, Barclays cut their target price on StepStone Group from $69.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.64.

Institutional Investors Weigh In On StepStone Group

A number of institutional investors have recently made changes to their positions in the company. Amundi increased its holdings in shares of StepStone Group by 26.7% in the 4th quarter. Amundi now owns 730 shares of the company’s stock valued at $42,000 after acquiring an additional 154 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of StepStone Group by 1.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 9,578 shares of the company’s stock valued at $554,000 after acquiring an additional 157 shares during the last quarter. CWM LLC increased its holdings in shares of StepStone Group by 14.0% in the 1st quarter. CWM LLC now owns 1,600 shares of the company’s stock valued at $84,000 after acquiring an additional 196 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of StepStone Group by 25.5% in the 4th quarter. Blue Trust Inc. now owns 1,079 shares of the company’s stock valued at $61,000 after acquiring an additional 219 shares during the last quarter. Finally, Comerica Bank grew its stake in StepStone Group by 1.1% during the 1st quarter. Comerica Bank now owns 22,017 shares of the company’s stock worth $1,150,000 after buying an additional 246 shares during the last quarter. 55.54% of the stock is currently owned by institutional investors.

About StepStone Group

StepStone Group Inc is a private equity and venture capital firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies.