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

Stem, Inc. (NYSE:STEM) CFO William John Bush sold 24,035 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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 shares were 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 value of $64,563.39.

Stem Stock Performance

STEM opened at $1.85 on Thursday. The stock has a fifty day moving average of $2.04 and a 200-day moving average of $2.86. Stem, Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $7.79. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 1.78.

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%. On average, research analysts forecast that Stem, Inc. will post -0.51 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrature Capital Ltd raised its stake in Stem by 289.5% in the third quarter. Quadrature Capital Ltd now owns 51,895 shares of the company’s stock valued at $220,000 after purchasing an additional 38,570 shares in the last quarter. Lido Advisors LLC acquired a new position in Stem in the third quarter valued at about $4,561,000. DNB Asset Management AS grew its position in Stem by 63.7% in the fourth quarter. DNB Asset Management AS now owns 126,568 shares of the company’s stock valued at $491,000 after acquiring an additional 49,256 shares during the last quarter. Deutsche Bank AG grew its position in Stem by 3.8% in the third quarter. Deutsche Bank AG now owns 605,722 shares of the company’s stock valued at $2,568,000 after acquiring an additional 22,222 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Stem in the fourth quarter valued at about $209,000. Institutional investors and hedge funds own 61.63% of the company’s stock.

Analysts Set New Price Targets

STEM has been the subject of a number of research reports. Susquehanna lowered their target price on Stem from $5.50 to $4.00 and set a “positive” rating for the company in a research note on Thursday, February 29th. TD Cowen decreased their target price on shares of Stem from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. Piper Sandler decreased their target price on shares of Stem from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price target (down previously from $5.50) on shares of Stem in a report on Friday, March 22nd. Finally, BMO Capital Markets cut their price target on Stem from $4.00 to $3.25 and set a “market perform” rating for the company in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.96.

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.