Stem, Inc. (NYSE:STEM) CEO John Eugene Carrington Sells 194,171 Shares

Stem, Inc. (NYSE:STEM) CEO John Eugene Carrington sold 194,171 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $1.85, for a total value of $359,216.35. Following the transaction, the chief executive officer now directly owns 506,585 shares of the company’s stock, valued at approximately $937,182.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, March 8th, John Eugene Carrington sold 85,038 shares of Stem stock. The stock was sold at an average price of $2.19, for a total transaction of $186,233.22.
• On Tuesday, February 27th, John Eugene Carrington sold 13,863 shares of Stem stock. The shares were sold at an average price of $2.70, for a total transaction of $37,430.10.

Stem Stock Performance

Shares of NYSE:STEM opened at $1.30 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $1.95 and a 200-day moving average price of $2.80. The company has a market cap of $204.31 million, a price-to-earnings ratio of -0.89 and a beta of 1.91. Stem, Inc. has a 12 month low of $1.28 and a 12 month high of $7.79.

Stem (NYSE:STEM) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The business had revenue of $25.50 million for the quarter, compared to the consensus estimate of $66.67 million. Stem had a negative net margin of 40.03% and a negative return on equity of 34.37%. The company’s revenue for the quarter was down 61.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.29) EPS. As a group, equities analysts anticipate that Stem, Inc. will post -0.51 EPS for the current year.

Institutional Trading of Stem

Several large investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group raised its position in shares of Stem by 3.3% in the 4th quarter. Schroder Investment Management Group now owns 11,431,320 shares of the company’s stock worth $44,354,000 after acquiring an additional 360,232 shares in the last quarter. BNP Paribas Asset Management Holding S.A. lifted its position in Stem by 4.7% during the fourth quarter. BNP Paribas Asset Management Holding S.A. now owns 6,637,625 shares of the company’s stock valued at $25,754,000 after buying an additional 296,291 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Stem by 106.5% during 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 buying an additional 3,271,193 shares in the last quarter. Electron Capital Partners LLC grew its position in shares of 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 buying an additional 1,909,478 shares during the period. Finally, Alkeon Capital Management LLC increased its stake in shares of Stem by 34.6% in the 3rd quarter. Alkeon Capital Management LLC now owns 3,888,612 shares of the company’s stock worth $16,488,000 after acquiring an additional 1,000,000 shares in the last quarter. Institutional investors own 61.63% of the company’s stock.

Wall Street Analyst Weigh In

STEM has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Stem from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Susquehanna decreased their price objective on Stem from $5.50 to $4.00 and set a “positive” rating on the stock in a report on Thursday, February 29th. BMO Capital Markets cut their target price on Stem from $2.50 to $1.85 and set a “market perform” rating for the company in a research note on Friday, May 3rd. Evercore ISI reduced their target price on shares of Stem from $13.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of Stem from $2.50 to $2.00 and set a “neutral” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.20.

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.