Stem, Inc. (NYSE:STEM) CFO Sells $15,225.60 in Stock

Stem, Inc. (NYSE:STEM – Get Rating) CFO William John Bush sold 2,080 shares of Stem stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $7.32, for a total transaction of $15,225.60. Following the completion of the sale, the chief financial officer now owns 383,134 shares in the company, valued at approximately $2,804,540.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:STEM opened at $7.76 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.80 and a quick ratio of 11.38. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -5.07 and a beta of 2.33. The company’s 50-day moving average is $9.26 and its two-hundred day moving average is $14.28. Stem, Inc. has a 1-year low of $5.72 and a 1-year high of $37.79.

Stem (NYSE:STEM – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.23) earnings per share (EPS) for the quarter. The company had revenue of $52.78 million during the quarter. Stem had a negative net margin of 26.88% and a positive return on equity of 5.83%. As a group, equities analysts anticipate that Stem, Inc. will post -0.73 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on STEM. Susquehanna dropped their target price on shares of Stem from $25.00 to $20.00 in a research report on Friday, May 6th. The Goldman Sachs Group lowered their price target on shares of Stem from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday. Morgan Stanley assumed coverage on shares of Stem in a research report on Wednesday, March 23rd. They set an “equal weight” rating and a $13.00 price target on the stock. Guggenheim assumed coverage on shares of Stem in a research report on Tuesday, March 22nd. They set a “buy” rating and a $16.00 price target on the stock. Finally, Susquehanna Bancshares lowered their price target on shares of Stem from $25.00 to $20.00 in a research report on Friday, May 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $24.14.

Several institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its stake in shares of Stem by 7.1% in the 4th quarter. Blair William & Co. IL now owns 17,043 shares of the company’s stock valued at $323,000 after acquiring an additional 1,133 shares during the period. Prentice Wealth Management LLC purchased a new stake in shares of Stem in the 3rd quarter valued at approximately $34,000. Principal Financial Group Inc. raised its stake in shares of Stem by 7.7% in the 1st quarter. Principal Financial Group Inc. now owns 20,874 shares of the company’s stock valued at $230,000 after acquiring an additional 1,485 shares during the period. Waratah Capital Advisors Ltd. raised its stake in shares of Stem by 2.7% in the 4th quarter. Waratah Capital Advisors Ltd. now owns 56,802 shares of the company’s stock valued at $1,078,000 after acquiring an additional 1,493 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Stem by 20.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,392 shares of the company’s stock valued at $248,000 after acquiring an additional 1,795 shares during the period. 50.32% of the stock is currently owned by institutional investors and hedge funds.

Stem Company Profile (Get Rating)

Stem, Inc operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems.

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