StepStone Group Inc. (NASDAQ:STEP) CFO Johnny D. Randel sold 2,305 shares of the business’s stock in a transaction on Friday, October 8th. The stock was sold at an average price of $40.50, for a total transaction of $93,352.50. The sale was disclosed in a document filed with the SEC, which is available at this link.
NASDAQ:STEP opened at $41.51 on Thursday. The firm’s 50 day moving average is $45.22 and its two-hundred day moving average is $38.83. StepStone Group Inc. has a fifty-two week low of $24.48 and a fifty-two week high of $49.72. The company has a market cap of $3.94 billion and a P/E ratio of 13.30.
StepStone Group (NASDAQ:STEP) last announced its quarterly earnings data on Tuesday, August 10th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.19. StepStone Group had a net margin of 9.01% and a return on equity of 18.57%. The company had revenue of $136.20 million during the quarter, compared to analyst estimates of $94.84 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 83.3% compared to the same quarter last year. As a group, research analysts anticipate that StepStone Group Inc. will post 1.24 earnings per share for the current year.
A number of equities research analysts recently weighed in on STEP shares. Zacks Investment Research cut shares of StepStone Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley increased their price target on shares of StepStone Group from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, August 12th.
A number of hedge funds and other institutional investors have recently bought and sold shares of STEP. Federated Hermes Inc. lifted its stake in shares of StepStone Group by 343.8% in the first quarter. Federated Hermes Inc. now owns 3,591,977 shares of the company’s stock worth $126,689,000 after buying an additional 2,782,548 shares during the last quarter. Inherent Group LP grew its holdings in shares of StepStone Group by 3,024.6% in the 2nd quarter. Inherent Group LP now owns 976,447 shares of the company’s stock worth $33,590,000 after purchasing an additional 945,197 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of StepStone Group by 41.4% in the 1st quarter. JPMorgan Chase & Co. now owns 2,687,866 shares of the company’s stock worth $94,800,000 after purchasing an additional 786,782 shares during the last quarter. Millennium Management LLC acquired a new position in StepStone Group during the 1st quarter worth about $17,154,000. Finally, Wasatch Advisors Inc. lifted its position in StepStone Group by 12.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 4,230,342 shares of the company’s stock worth $145,524,000 after buying an additional 465,517 shares in the last quarter. Hedge funds and other institutional investors own 42.01% of the company’s stock.
About StepStone Group
StepStone Group Inc is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, and buyout investments in mature and middle market companies.
Read More: Initial Coin Offering (ICO)
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