Stem, Inc. (NYSE:STEM) Director Sells $1,552,000.00 in Stock

Stem, Inc. (NYSE:STEMGet Rating) Director Anil Tammineedi sold 100,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $15.52, for a total value of $1,552,000.00. Following the transaction, the director now owns 4,489,849 shares of the company’s stock, valued at approximately $69,682,456.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Anil Tammineedi also recently made the following trade(s):

  • On Friday, September 9th, Anil Tammineedi sold 100,000 shares of Stem stock. The stock was sold at an average price of $16.38, for a total value of $1,638,000.00.
  • On Monday, August 15th, Anil Tammineedi sold 50,000 shares of Stem stock. The stock was sold at an average price of $16.37, for a total value of $818,500.00.
  • On Friday, August 12th, Anil Tammineedi sold 50,000 shares of Stem stock. The stock was sold at an average price of $15.37, for a total value of $768,500.00.
  • On Wednesday, August 10th, Anil Tammineedi sold 50,000 shares of Stem stock. The stock was sold at an average price of $15.00, for a total value of $750,000.00.

Stem Trading Up 1.5 %

Shares of Stem stock opened at $16.40 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.40 and a debt-to-equity ratio of 0.74. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -22.16 and a beta of 2.33. The business has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $9.91. Stem, Inc. has a fifty-two week low of $5.72 and a fifty-two week high of $27.50.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Northland Securities assumed coverage on Stem in a report on Wednesday. They issued an “outperform” rating and a $24.00 price objective for the company. Morgan Stanley upped their price objective on Stem from $13.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, August 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Stem currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Institutional Investors Weigh In On Stem

A number of institutional investors and hedge funds have recently modified their holdings of STEM. Renaissance Technologies LLC acquired a new stake in shares of Stem during the first quarter worth $30,405,000. William Blair Investment Management LLC raised its position in shares of Stem by 27.7% during the first quarter. William Blair Investment Management LLC now owns 7,153,013 shares of the company’s stock worth $78,755,000 after purchasing an additional 1,549,489 shares during the period. SIR Capital Management L.P. raised its position in shares of Stem by 424.0% during the fourth quarter. SIR Capital Management L.P. now owns 1,082,467 shares of the company’s stock worth $20,534,000 after purchasing an additional 875,871 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Stem during the fourth quarter worth $16,580,000. Finally, Vanguard Group Inc. raised its position in shares of Stem by 7.0% during the first quarter. Vanguard Group Inc. now owns 12,934,965 shares of the company’s stock worth $142,414,000 after purchasing an additional 848,277 shares during the period. 52.42% of the stock is owned by institutional investors and hedge funds.

About Stem

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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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