Stem, Inc. (NYSE:STEM) CRO Alan Russo Sells 24,142 Shares of Stock

Stem, Inc. (NYSE:STEM) CRO Alan Russo sold 24,142 shares of the business’s 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 $45,145.54. Following the sale, the executive now owns 212,910 shares of the company’s stock, valued at $398,141.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alan Russo also recently made the following trade(s):

• On Friday, February 16th, Alan Russo sold 14,390 shares of Stem stock. The stock was sold at an average price of $3.17, for a total transaction of $45,616.30.

Stem Price Performance

Shares of NYSE:STEM opened at $1.84 on Wednesday. The firm has a fifty day moving average price of $2.04 and a 200 day moving average price of $2.86. Stem, Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $7.79. The firm has a market cap of $290.30 million, a price-to-earnings ratio of -1.44 and a beta of 1.88. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.88.

Stem (NYSE:STEM) last announced 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). Stem had a negative net margin of 30.42% and a negative return on equity of 27.71%. The firm had revenue of $167.42 million for the quarter, compared to the consensus estimate of $254.23 million. As a group, sell-side analysts expect that Stem, Inc. will post -0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued 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 price objective on Stem from $4.00 to $3.25 and set a “market perform” rating on the stock in a research report on Thursday, February 29th. TD Cowen reduced their target price on shares of Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Susquehanna lowered their price target 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. Finally, Piper Sandler dropped their price target on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Stem has a consensus rating of “Hold” and an average target price of $5.96.

Institutional Investors Weigh In On Stem

Several large investors have recently bought and sold shares of the business. abrdn plc bought a new position in shares of Stem in the 4th quarter valued at about $40,000. Neuberger Berman Group LLC purchased a new stake in shares of Stem during the fourth quarter valued at $41,000. Sequoia Financial Advisors LLC bought a new position in shares of Stem in the third quarter worth about $55,000. Horizon Family Wealth Inc. bought a new stake in Stem during the 3rd quarter valued at $57,000. Finally, Wellington Wealth Strategies LLC. purchased a new stake in shares of Stem in the 4th quarter worth $66,000. 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.