StepStone Group Inc. (NASDAQ:STEP) Chief Financial Officer, David Y. Park, has recently sold a total of 2,500 shares of the company's Class A Common Stock. The transaction, dated June 3, 2024, was executed at a weighted average price of $44.13 per share, resulting in a total value of $110,325.
The sales were carried out in multiple trades, with prices ranging from $44.11 to $44.25 per share. Following this transaction, Mr. Park's direct ownership in the company stands at 27,217 shares of Class A Common Stock.
Investors often monitor insider transactions as they may provide insights into the company's performance and the stock's potential direction. The details of the sale, including the specific prices and number of shares traded at each price, are available upon request from the SEC, StepStone Group Inc., or a security holder of the company.
The transaction was publicly disclosed as per the regulatory requirements set by the Securities and Exchange Commission. David Y. Park's role as Chief Financial Officer places him in a position where his trading activities are closely observed by the market.
StepStone Group Inc. specializes in investment advice and continues to be a notable entity in the financial sector, with its headquarters located at 277 Park Avenue, New York. The latest insider trading activity may be of interest to current and potential investors trying to gauge the stock's valuation and the confidence level of the company's executives.
InvestingPro Insights
As StepStone Group Inc. (NASDAQ:STEP) navigates the financial sector landscape, recent insider trading by its CFO has caught the attention of investors. To provide a broader context, here are some key metrics and insights from InvestingPro that may be of interest:
With a robust Market Cap of $5.06 billion, StepStone Group is a significant player in its field. The company's Price to Earnings (P/E) Ratio stands at 48.51, reflecting investor sentiment about its earnings potential. Adjusting for the last twelve months as of Q4 2024, the P/E ratio appears slightly more favorable at 44.25. This is particularly noteworthy as it aligns with an InvestingPro Tip highlighting that StepStone Group is trading at a low P/E ratio relative to near-term earnings growth, which suggests potential for value investors.
Moreover, the company has demonstrated impressive Revenue Growth, with a staggering increase of 1153.11% over the last twelve months as of Q4 2024. This explosive growth trajectory is complemented by a Dividend Yield of 2.68%, and the company has consistently raised its dividend for three consecutive years, another InvestingPro Tip that may signal a commitment to returning value to shareholders.
For those considering an investment in StepStone Group, the InvestingPro Fair Value estimate stands at $46.35, offering a potential benchmark for the stock's intrinsic value. Current and prospective investors might find this information useful when assessing the company's stock, especially in light of the recent insider trading activity.
Interested readers can find additional InvestingPro Tips for StepStone Group at https://www.investing.com/pro/STEP. There are more tips available to help inform investment decisions, and for those looking to delve deeper, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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