John Eugene Carrington Sells 28,570 Shares of Stem, Inc. (NYSE:STEM) Stock

Stem, Inc. (NYSE:STEMGet Rating) CEO John Eugene Carrington sold 28,570 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $13.82, for a total value of $394,837.40. Following the sale, the chief executive officer now owns 126,413 shares of the company’s stock, valued at approximately $1,747,027.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Eugene Carrington also recently made the following trade(s):

  • On Wednesday, October 5th, John Eugene Carrington sold 28,570 shares of Stem stock. The stock was sold at an average price of $13.50, for a total value of $385,695.00.
  • On Tuesday, September 13th, John Eugene Carrington sold 28,570 shares of Stem stock. The shares were sold at an average price of $16.26, for a total value of $464,548.20.

Stem Stock Down 3.1 %

Shares of STEM opened at $13.21 on Friday. Stem, Inc. has a one year low of $5.72 and a one year high of $23.50. The company has a market cap of $2.04 billion, a P/E ratio of -16.31 and a beta of 2.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.11. The firm has a 50 day simple moving average of $13.54 and a two-hundred day simple moving average of $11.29.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STEM shares. Morgan Stanley boosted their price target on Stem from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, September 29th. UBS Group started coverage on Stem in a research note on Tuesday, October 25th. They issued a “buy” rating and a $19.00 price target for the company. Guggenheim set a $17.00 price target on Stem in a research note on Thursday, September 29th. Cowen cut their price target on Stem from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, September 29th. Finally, Cowen lowered their price objective on shares of Stem from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, September 29th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Stem has a consensus rating of “Moderate Buy” and an average price target of $21.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Stem by 2.6% during the third quarter. Vanguard Group Inc. now owns 13,631,078 shares of the company’s stock worth $181,838,000 after buying an additional 350,707 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Stem by 2.2% during the first quarter. BlackRock Inc. now owns 7,183,866 shares of the company’s stock worth $79,095,000 after buying an additional 157,590 shares in the last quarter. William Blair Investment Management LLC increased its holdings 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 buying an additional 1,549,489 shares in the last quarter. State Street Corp increased its holdings in shares of Stem by 10.7% during the third quarter. State Street Corp now owns 3,039,868 shares of the company’s stock worth $40,552,000 after buying an additional 294,298 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Stem during the first quarter worth $30,405,000. 52.42% of the stock is currently 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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Insider Buying and Selling by Quarter for Stem (NYSE:STEM)

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