Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. StepStone Group Inc shares valued at $257,000 were sold by McCabe Michael I on Dec 03 ’24. At $64.25 per share, McCabe Michael I sold 4,000 shares. The insider’s holdings dropped to 686,516 shares worth approximately $39.32 million following the completion of this transaction.
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Also, McCabe Michael I sold 2,200 shares, netting a total of over 141,548 in proceeds. Following the sale of shares at $64.34 each, the insider now holds 247,800 shares.
Before that, Hart Scott W had sold 37,909 shares from its account. In a trade valued at $2,380,957, the Chief Executive Officer traded StepStone Group Inc shares for $62.81 each. Upon closing the transaction, the insider’s holdings decreased to 37,909 shares, worth approximately $6.87 million.
As published in a research note from JP Morgan on April 11, 2024, StepStone Group Inc [STEP] has been rated up from a Neutral to an Overweight and the price target has been revised to $49 from $40. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid March. As of September 07, 2022, BofA Securities has initiated its “Buy” rating for STEP. Earlier on August 31, 2022, Barclays initiated its rating. Their recommendation was “an Equal weight” for STEP stock.
Analyzing STEP Stock Performance
During the last five days, there has been a drop of approximately -7.55%. Over the course of the year, StepStone Group Inc shares have jumped approximately 80.58%. Shares of the company reached a 52-week high of $70.38 on 11/11/24 and a 52-week low of $30.46 on 01/05/24. A 50-day SMA is recorded $62.70, while a 200-day SMA reached $49.04. Nevertheless, trading volume fell to 0.83 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for StepStone Group Inc (STEP)
According to the 24-hour chart, there is a support level at 55.30, which, if violated, would cause prices to drop to 53.32. In the upper region, resistance lies at 60.79. The next price resistance is at 64.30. RSI (Relative Strength Index) is 33.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.93, which suggests the price will decrease in the coming days. Percent R is at 95.30%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
