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Scott Hart, the Chief Executive Officer of StepStone Group Inc. (NASDAQ:STEP), has recently sold a significant portion of his company’s stock. According to the latest SEC filings, Hart sold 10,000 shares of Class A Common Stock on February 20, 2025, in transactions executed under a Rule 10b5-1 trading plan. The sales were made at prices ranging from $61.00 to $62.79 per share, totaling approximately $614,270. The transaction comes as StepStone, currently valued at $7.01 billion, has delivered an impressive 69.81% return over the past year. InvestingPro analysis indicates the stock is currently trading near its Fair Value.
Following these transactions, Hart retains ownership of 110,000 shares of Class A Common Stock indirectly through a trust, as well as 3,061,782 shares of Class B Common Stock, also held by a trust. These transactions form part of a broader strategy, as indicated by the use of the trading plan, which allows executives to sell predetermined amounts of their company’s stock at set times, often to diversify their portfolios or meet other financial goals. With analyst price targets ranging from $65 to $85 and substantial revenue growth of 118.88% in the last twelve months, investors seeking deeper insights into insider trading patterns can access comprehensive analysis through InvestingPro’s detailed research reports.
Investors may find these transactions noteworthy as they provide insight into the trading activities of StepStone’s top executive. The sales were executed in multiple trades, with detailed pricing information available upon request to the SEC or the company itself.
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