David Park, the Chief Financial Officer of StepStone Group Inc (STEP, Financial), sold 3,000 shares of the company on November 12, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 20,251 shares of StepStone Group Inc.
StepStone Group Inc operates as a global private markets investment firm. The company focuses on providing customized investment solutions and advisory and data services to its clients.
Over the past year, David Park has engaged in multiple transactions involving the company's stock, selling a total of 5,500 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where insider activity has predominantly leaned towards selling rather than buying. In the past year, there has been only 1 insider buy compared to 13 insider sells.
Shares of StepStone Group Inc were trading at $68.21 on the day of the sale. The company's market cap is approximately $4.725 billion. The price-earnings ratio stands at 104.85, significantly higher than both the industry median and the company's historical median.
The stock's valuation according to the GF Value is $45.36, indicating that with a current price of $68.21, StepStone Group Inc is significantly overvalued with a price-to-GF-Value ratio of 1.5.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
