Stem, Inc. (NYSE:STEM) Position Decreased by Vontobel Holding Ltd.

Vontobel Holding Ltd. reduced its holdings in Stem, Inc. (NYSE:STEM) by 39.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 498,400 shares of the company’s stock after selling 318,900 shares during the quarter. Vontobel Holding Ltd. owned 0.32% of Stem worth $1,934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in STEM. Vanguard Group Inc. increased its stake in Stem by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,631,078 shares of the company’s stock worth $181,838,000 after purchasing an additional 350,707 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Stem by 4.1% in the third quarter. Schroder Investment Management Group now owns 11,071,088 shares of the company’s stock worth $46,941,000 after acquiring an additional 438,834 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Stem by 13.6% during the second quarter. BlackRock Inc. now owns 10,569,524 shares of the company’s stock valued at $60,458,000 after acquiring an additional 1,263,049 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Stem by 106.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 6,341,334 shares of the company’s stock valued at $26,887,000 after acquiring an additional 3,271,193 shares in the last quarter. Finally, Electron Capital Partners LLC boosted its stake in Stem by 62.2% in the 3rd quarter. Electron Capital Partners LLC now owns 4,978,739 shares of the company’s stock worth $21,110,000 after purchasing an additional 1,909,478 shares during the period. 61.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Stem

In other Stem news, CAO Rahul Shukla sold 19,899 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $2.19, for a total transaction of $43,578.81. Following the completion of the sale, the chief accounting officer now owns 21,332 shares of the company’s stock, valued at $46,717.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Rahul Shukla sold 19,899 shares of Stem stock in a transaction on Friday, March 8th. The shares were sold at an average price of $2.19, for a total value of $43,578.81. Following the transaction, the chief accounting officer now owns 21,332 shares in the company, valued at approximately $46,717.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Schaefer sold 100,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $1.82, for a total transaction of $182,000.00. Following the sale, the insider now owns 716,110 shares of the company’s stock, valued at $1,303,320.20. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 130,418 shares of company stock valued at $238,045 and have sold 515,950 shares valued at $1,188,252. 9.12% of the stock is owned by company insiders.

Stem Stock Performance

Shares of STEM opened at $1.55 on Friday. The company’s fifty day moving average is $2.24 and its 200-day moving average is $2.98. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.88. Stem, Inc. has a 12 month low of $1.51 and a 12 month high of $7.79.

Stem (NYSE:STEM) last posted its earnings results on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.09). Stem had a negative return on equity of 27.71% and a negative net margin of 30.42%. The business had revenue of $167.42 million for the quarter, compared to analyst estimates of $254.23 million. Analysts predict that Stem, Inc. will post -0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.