Sanctuary Advisors LLC Sells 136,714 Shares of Stem, Inc. (NYSE:STEM)

Sanctuary Advisors LLC trimmed its position in shares of Stem, Inc. (NYSE:STEM) by 37.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 228,067 shares of the company’s stock after selling 136,714 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.14% of Stem worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in STEM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Stem by 77.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,406,080 shares of the company’s stock worth $837,000 after buying an additional 1,047,825 shares during the period. Creative Planning lifted its holdings in shares of Stem by 177.1% during the third quarter. Creative Planning now owns 123,521 shares of the company’s stock worth $43,000 after purchasing an additional 78,940 shares during the period. Hsbc Holdings PLC grew its stake in shares of Stem by 7.4% in the second quarter. Hsbc Holdings PLC now owns 1,039,420 shares of the company’s stock worth $1,133,000 after purchasing an additional 71,956 shares during the last quarter. Levin Capital Strategies L.P. increased its holdings in Stem by 69.2% in the second quarter. Levin Capital Strategies L.P. now owns 660,000 shares of the company’s stock valued at $733,000 after purchasing an additional 270,000 shares during the period. Finally, SIR Capital Management L.P. raised its position in Stem by 327.0% during the 2nd quarter. SIR Capital Management L.P. now owns 1,578,575 shares of the company’s stock worth $1,752,000 after purchasing an additional 1,208,875 shares during the last quarter. 61.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on STEM. The Goldman Sachs Group reduced their price target on Stem from $0.75 to $0.65 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Piper Sandler decreased their target price on shares of Stem from $1.50 to $0.30 and set a “neutral” rating for the company in a research report on Friday, November 22nd. UBS Group dropped their price target on shares of Stem from $1.00 to $0.60 and set a “buy” rating on the stock in a research report on Friday, November 8th. Susquehanna increased their price objective on shares of Stem from $0.50 to $0.60 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Finally, Barclays dropped their target price on shares of Stem from $4.00 to $1.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1.38.

Stem Trading Up 25.9 %

NYSE:STEM opened at $0.75 on Tuesday. The firm has a fifty day simple moving average of $0.40 and a two-hundred day simple moving average of $0.65. Stem, Inc. has a 12 month low of $0.30 and a 12 month high of $4.00. The stock has a market capitalization of $121.81 million, a price-to-earnings ratio of -0.14 and a beta of 1.64. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41.

About Stem

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.