Insider Selling: Stem (NYSE:STEM) CEO Sells $15,668.60 in Stock

Stem, Inc. (NYSE:STEMGet Free Report) CEO Arun Narayanan sold 1,996 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $7.85, for a total value of $15,668.60. Following the completion of the sale, the chief executive officer directly owned 19,109 shares of the company’s stock, valued at $150,005.65. The trade was a 9.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stem Stock Performance

STEM stock opened at $7.79 on Friday. The stock’s 50 day simple moving average is $8.89 and its 200 day simple moving average is $11.76. Stem, Inc. has a fifty-two week low of $7.12 and a fifty-two week high of $32.23. The company has a market cap of $69.79 million, a P/E ratio of -0.90 and a beta of 1.45.

Stem (NYSE:STEMGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($2.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.46). The business had revenue of $29.00 million during the quarter, compared to analysts’ expectations of $34.61 million. Equities analysts predict that Stem, Inc. will post -7.76 earnings per share for the current year.

More Stem News

Here are the key news stories impacting Stem this week:

Institutional Investors Weigh In On Stem

Several institutional investors have recently bought and sold shares of STEM. AQR Capital Management LLC lifted its stake in Stem by 505.8% during the 1st quarter. AQR Capital Management LLC now owns 1,482,790 shares of the company’s stock valued at $519,000 after acquiring an additional 1,238,012 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Stem in the second quarter valued at about $187,000. Bridgeway Capital Management LLC purchased a new stake in shares of Stem in the second quarter valued at about $97,000. Vanguard Group Inc. lifted its position in shares of Stem by 2.2% during the third quarter. Vanguard Group Inc. now owns 395,223 shares of the company’s stock valued at $6,924,000 after purchasing an additional 8,468 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Stem by 461.9% during the third quarter. Two Sigma Investments LP now owns 94,045 shares of the company’s stock valued at $1,648,000 after purchasing an additional 77,307 shares in the last quarter. Institutional investors own 61.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Susquehanna decreased their price target on shares of Stem from $21.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Weiss Ratings lowered shares of Stem from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. UBS Group reaffirmed a “neutral” rating and issued a $10.50 price objective (down from $12.00) on shares of Stem in a research note on Monday, May 11th. Wall Street Zen cut shares of Stem from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, Roth Mkm reissued a “neutral” rating and set a $11.00 target price on shares of Stem in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $12.38.

Get Our Latest Stock Analysis on STEM

Stem Company Profile

(Get Free Report)

Stem, Inc is a technology company specializing in AI-driven energy storage and optimization solutions for commercial, industrial and utility customers. The company delivers integrated hardware and software systems that enable clients to manage energy consumption, reduce peak demand charges and provide ancillary services to the power grid. By combining battery storage hardware with advanced machine-learning algorithms, Stem helps organizations align energy usage with cost-saving opportunities while supporting grid reliability and renewable integration.

At the core of Stem’s offering is its Athena software platform, which uses real-time data and predictive analytics to forecast energy needs and automatically dispatch stored energy when it is most valuable.

See Also

Insider Buying and Selling by Quarter for Stem (NYSE:STEM)

Receive News & Ratings for Stem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stem and related companies with MarketBeat.com's FREE daily email newsletter.