StepStone Group Inc (NASDAQ: STEP) is 88.59% higher on its value in year-to-date trading and has touched a low of $25.19 and a high of $70.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The STEP stock was last observed hovering at around $60.21 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $59.82, the stock is -7.86% and -4.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -0.65% at the moment leaves the stock 24.46% off its SMA200. STEP registered 132.03% gain for a year compared to 6-month gain of 35.87%. The firm has a 50-day simple moving average (SMA 50) of $62.3526 and a 200-day simple moving average (SMA200) of $47.99285.
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The stock witnessed a -7.76% loss in the last 1 month and extending the period to 3 months gives it a 17.46%, and is -7.69% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.12% over the week and 3.72% over the month.
StepStone Group Inc (STEP) has around 990 employees, a market worth around $6.66B and $801.94M in sales. Current P/E ratio is 96.45 and Fwd P/E is 27.85. Profit margin for the company is 5.18%. Distance from 52-week low is 137.52% and -15.00% from its 52-week high. The company has generated returns on investments over the last 12 months (6.13%).
The EPS is expected to grow by 52.70% this year.
StepStone Group Inc (STEP) Top Institutional Holders
299.0 institutions hold shares in StepStone Group Inc (STEP), with institutional investors hold 115.98% of the company’s shares. The shares outstanding are 72.68M, and float is at 62.50M with Short Float at 3.05%. Institutions hold 93.86% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.95 million shares valued at $365.05 million. The investor’s holdings represent 12.5297% of the STEP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.33 million shares valued at $290.4 million to account for 9.9672 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 5.72 million shares representing 9.008% and valued at over $262.45 million, while FMR LLC holds 6.0769 of the shares totaling 3.86 million with a market value of $177.05 million.
StepStone Group Inc (STEP) Insider Activity
The most recent transaction is an insider sale by McCabe Michael I, the company’s Head of Strategy. SEC filings show that McCabe Michael I sold 4,000 shares of the company’s common stock on Dec 03 ’24 at a price of $64.25 per share for a total of $0.26 million. Following the sale, the insider now owns 0.69 million shares.
StepStone Group Inc disclosed in a document filed with the SEC on Dec 03 ’24 that McCabe Michael I (Head of Strategy) sold a total of 2,200 shares of the company’s common stock. The trade occurred on Dec 03 ’24 and was made at $64.34 per share for $0.14 million. Following the transaction, the insider now directly holds 0.25 million shares of the STEP stock.
Still, SEC filings show that on Dec 04 ’24, Hart Scott W (Chief Executive Officer) disposed off 37,909 shares at an average price of $62.81 for $2.38 million. The insider now directly holds 120,000 shares of StepStone Group Inc (STEP).
