Insider Selling: Stem, Inc. (NYSE:STEM) CAO Sells 24,567 Shares of Stock

Stem, Inc. (NYSE:STEM - Get Free Report) CAO Rahul Shukla sold 24,567 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $0.54, for a total transaction of $13,266.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rahul Shukla also recently made the following trade(s):

• On Wednesday, March 12th, Rahul Shukla sold 7,469 shares of Stem stock. The stock was sold at an average price of $0.40, for a total transaction of $2,987.60.
• On Tuesday, February 25th, Rahul Shukla sold 9,048 shares of Stem stock. The stock was sold at an average price of $0.51, for a total transaction of $4,614.48.

Stem Stock Performance

Stem stock traded down $0.02 during midday trading on Friday, hitting $0.53. 2,999,348 shares of the company's stock were exchanged, compared to its average volume of 7,446,296. The stock has a market cap of $86.77 million, a price-to-earnings ratio of -0.10 and a beta of 1.42. Stem, Inc. has a 12-month low of $0.29 and a 12-month high of $1.68. The firm's 50 day simple moving average is $0.41 and its 200 day simple moving average is $0.49.

Stem (NYSE:STEM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. Stem had a negative return on equity of 275.79% and a negative net margin of 328.11%. The firm had revenue of $32.51 million during the quarter, compared to the consensus estimate of $28.59 million. On average, equities research analysts forecast that Stem, Inc. will post -0.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on STEM. BMO Capital Markets lowered their target price on shares of Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a research note on Wednesday, March 5th. UBS Group reissued a "neutral" rating on shares of Stem in a research report on Monday, April 14th. Roth Mkm upped their price target on Stem from $0.35 to $0.40 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Finally, Susquehanna raised their price objective on shares of Stem from $0.40 to $0.60 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1.11.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Stem by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,604,073 shares of the company's stock worth $1,255,000 after buying an additional 166,002 shares in the last quarter. Northern Trust Corp raised its position in Stem by 6.3% in the fourth quarter. Northern Trust Corp now owns 1,295,149 shares of the company's stock worth $781,000 after acquiring an additional 76,320 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Stem in the fourth quarter valued at $480,000. Wells Fargo & Company MN boosted its position in shares of Stem by 8.7% during the 4th quarter. Wells Fargo & Company MN now owns 678,685 shares of the company's stock worth $409,000 after purchasing an additional 54,194 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Stem by 102.9% during the 4th quarter. Deutsche Bank AG now owns 622,731 shares of the company's stock worth $374,000 after purchasing an additional 315,823 shares during the period. 61.63% of the stock is owned by hedge funds and other institutional investors.

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.