Stem (NYSE:STEM) CAO Sells $59,555.54 in Stock

Stem, Inc. (NYSE:STEM) CAO Rahul Shukla sold 3,674 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $16.21, for a total transaction of $59,555.54. The transaction was disclosed in a filing with the SEC, which is available at this link.

Stem Price Performance

Stem stock traded down $0.73 during trading hours on Wednesday, reaching $15.44. The stock had a trading volume of 113,201 shares, compared to its average volume of 423,724. The company has a fifty day simple moving average of $19.98 and a 200-day simple moving average of $14.51. Stem, Inc. has a 52 week low of $5.81 and a 52 week high of $33.60. The stock has a market cap of $129.56 million, a PE ratio of -1.13 and a beta of 1.35.

Stem (NYSE:STEM) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($2.84) EPS for the quarter, missing analysts’ consensus estimates of ($1.85) by ($0.99). The company had revenue of $38.24 million during the quarter, compared to the consensus estimate of $39.07 million. Research analysts predict that Stem, Inc. will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. bought a new position in shares of Stem during the third quarter valued at $267,000. Bank of America Corp DE raised its position in Stem by 104.0% in the 3rd quarter. Bank of America Corp DE now owns 217,871 shares of the company’s stock worth $3,817,000 after buying an additional 111,068 shares during the last quarter. Keyframe Capital Partners L.P. bought a new position in Stem during the 3rd quarter valued at about $441,000. Virtu Financial LLC boosted its holdings in shares of Stem by 11.0% during the 3rd quarter. Virtu Financial LLC now owns 12,856 shares of the company’s stock valued at $225,000 after acquiring an additional 1,279 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in shares of Stem by 461.9% during the 3rd quarter. Two Sigma Investments LP now owns 94,045 shares of the company’s stock valued at $1,648,000 after acquiring an additional 77,307 shares during the last quarter. Hedge funds and other institutional investors own 61.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on STEM. Weiss Ratings restated a “hold (c-)” rating on shares of Stem in a research note on Thursday, November 13th. Barclays reissued a “reduce” rating and issued a $18.00 target price (up from $13.00) on shares of Stem in a research note on Friday, October 31st. UBS Group raised their price target on Stem from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Roth Capital set a $23.00 price target on shares of Stem and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Finally, Susquehanna increased their price objective on shares of Stem from $12.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, October 13th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $14.57.

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.