StepStone Group Inc’s filing revealed that its Head of Strategy McCabe Michael I unloaded Company’s shares for reported $0.26 million on Dec 03 ’24. In the deal valued at $64.25 per share,4,000 shares were sold. As a result of this transaction, McCabe Michael I now holds 686,516 shares worth roughly $41.34 million.
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Then, McCabe Michael I sold 2,200 shares, generating $141,548 in total proceeds. Upon selling the shares at $64.34, the Head of Strategy now owns 247,800 shares.
Before that, Hart Scott W sold 37,909 shares. StepStone Group Inc shares valued at $2,380,957 were divested by the Chief Executive Officer at a price of $62.81 per share. As a result of the transaction, Hart Scott W now holds 120,000 shares, worth roughly $7.23 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 fall -3.26% to $60.21. Over the last five days, the stock has lost -8.62%. StepStone Group Inc shares have risen nearly 89.82% since the year began. Nevertheless, the stocks have risen 137.96% over the past one year. While a 52-week high of $70.38 was reached on 11/11/24, a 52-week low of $25.17 was recorded on 01/05/24. SMA at 50 days reached $62.35, while 200 days put it at $47.99.
Levels Of Support And Resistance For STEP Stock
The 24-hour chart illustrates a support level at 59.30, which if violated will result in even more drops to 58.39. On the upside, there is a resistance level at 61.85. A further resistance level may holdings at 63.49. The Relative Strength Index (RSI) on the 14-day chart is 36.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.84%. Stochastics %K at 7.48% indicates the stock is a buying.
How much short interest is there in StepStone Group Inc?
A steep rise in short interest was recorded in StepStone Group Inc stocks on 2024-11-15, dropping by -0.92 million shares to a total of 1.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.82 million shares. There was a decline of -48.12%, which implies that there is a negative sentiment for the stock.
