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

Stem, Inc. (NYSE:STEM) CFO William John Bush sold 24,035 shares of Stem stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $1.87, for a total transaction of $44,945.45. Following the completion of the sale, the chief financial officer now owns 390,217 shares in the company, valued at $729,705.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $2.19, for a total transaction of $100,814.46.
• On Friday, February 16th, William John Bush sold 20,367 shares of Stem stock. The stock was sold at an average price of $3.17, for a total transaction of $64,563.39.

Stem Stock Performance

Shares of Stem stock traded down $0.05 during trading on Tuesday, reaching $1.84. The company’s stock had a trading volume of 2,665,681 shares, compared to its average volume of 4,649,402. The business’s 50-day moving average price is $2.06 and its 200-day moving average price is $2.88. The firm has a market cap of $290.30 million, a PE ratio of -1.48 and a beta of 1.88. Stem, Inc. has a 52 week low of $1.46 and a 52 week high of $7.79. 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 (NYSE:STEM) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The company had revenue of $167.42 million during the quarter, compared to analyst estimates of $254.23 million. Stem had a negative net margin of 30.42% and a negative return on equity of 27.71%. Equities analysts forecast that Stem, Inc. will post -0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Susquehanna lowered their target price on shares of Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. Piper Sandler lowered their target price on shares of Stem from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. The Goldman Sachs Group restated a “neutral” rating and set a $2.50 target price (down from $5.50) on shares of Stem in a report on Friday, March 22nd. BMO Capital Markets lowered their target price on shares of Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a report on Thursday, February 29th. Finally, 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Stem presently has a consensus rating of “Hold” and an average price target of $5.96.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STEM. abrdn plc acquired a new position in Stem during the fourth quarter worth about $40,000. Neuberger Berman Group LLC acquired a new position in Stem during the fourth quarter worth about $41,000. Sequoia Financial Advisors LLC acquired a new position in Stem during the third quarter worth about $55,000. Horizon Family Wealth Inc. acquired a new position in Stem during the third quarter worth about $57,000. Finally, Wellington Wealth Strategies LLC. acquired a new position in Stem during the fourth quarter worth about $66,000. Institutional investors and hedge funds own 61.63% of the company’s stock.

Stem Company Profile

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.