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StepStone Group Inc [STEP] Insider Activity: An Update for Investors

StepStone Group Inc’s recently made public that its Director Keck Thomas unloaded Company’s shares for reported $0.59 million on Jun 12 ’24. In the deal valued at $45.32 per share,13,050 shares were sold. As a result of this transaction, Keck Thomas now holds 100,750 shares worth roughly $5.03 million.

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Then, Mitchell Steven R sold 27,500 shares, generating $1,219,350 in total proceeds. Upon selling the shares at $44.34, the Director now owns 0 shares.

Before that, Keck Thomas sold 4,939 shares. StepStone Group Inc shares valued at $222,453 were divested by the Director at a price of $45.04 per share. As a result of the transaction, Keck Thomas now holds 113,800 shares, worth roughly $5.69 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 Friday, StepStone Group Inc [NASDAQ:STEP] saw its stock jump 7.70% to $49.96. Over the last five days, the stock has gained 5.89%. StepStone Group Inc shares have risen nearly 57.50% since the year began. Nevertheless, the stocks have risen 72.34% over the past one year. While a 52-week high of $51.07 was reached on 07/31/24, a 52-week low of $24.97 was recorded on 01/05/24. SMA at 50 days reached $45.99, while 200 days put it at $36.08. A total of 1.21 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For STEP Stock

The 24-hour chart illustrates a support level at 46.32, which if violated will result in even more drops to 42.67. On the upside, there is a resistance level at 52.18. A further resistance level may holdings at 54.39. The Relative Strength Index (RSI) on the 14-day chart is 60.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.42%. Stochastics%K at 45.19% indicates the stock is a holding.

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