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Checking in on StepStone Group Inc (STEP) after recent insiders movement

StepStone Group Inc’s recently made public that its Director Keck Thomas unloaded Company’s shares for reported $0.13 million on Feb 26 ’24. In the deal valued at $35.47 per share,3,694 shares were sold. As a result of this transaction, Keck Thomas now holds 200,750 shares worth roughly $7.24 million.

Then, Keck Thomas sold 53,403 shares, generating $1,894,204 in total proceeds. Upon selling the shares at $35.47, the Director now owns 204,444 shares.

Before that, Keck Thomas sold 48,662 shares. StepStone Group Inc shares valued at $1,736,260 were divested by the Director at a price of $35.68 per share. As a result of the transaction, Keck Thomas now holds 257,847 shares, worth roughly $9.3 million.

JP Morgan upgraded its StepStone Group Inc [STEP] rating to an Overweight from a a Neutral in a research note published on April 11, 2024; the price target was increased to $49 from $40. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. BofA Securities began covering STEP with “Buy” recommendation on September 07, 2022. Barclays started covering the stock on August 31, 2022. It rated STEP as “an Equal weight”.

Price Performance Review of STEP

On Tuesday, StepStone Group Inc [NASDAQ:STEP] saw its stock fall -1.58% to $36.07. Over the last five days, the stock has gained 0.78%. StepStone Group Inc shares have risen nearly 13.32% since the year began. Nevertheless, the stocks have risen 65.40% over the past one year. While a 52-week high of $38.25 was reached on 04/11/24, a 52-week low of $19.63 was recorded on 01/05/24. SMA at 50 days reached $34.98, while 200 days put it at $31.18. A total of 0.32 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For STEP Stock

The 24-hour chart illustrates a support level at 35.68, which if violated will result in even more drops to 35.28. On the upside, there is a resistance level at 36.60. A further resistance level may holdings at 37.12. The Relative Strength Index (RSI) on the 14-day chart is 53.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.37%. Stochastics %K at 48.50% indicates the stock is a holding.

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