Senate Republicans to challenge auto safety mandates in January - WSJ
Jose A. Fernandez, Co-Chief Operating Officer at StepStone Group Inc. (NASDAQ:STEP), sold a total of $13.1 million in Class A Common Stock between November 11 and November 13. The sales occurred at prices ranging from $61.41 to $63.17. Currently trading at $62.23, InvestingPro analysis indicates the stock is undervalued with a market cap of $7.42 billion and a "FAIR" financial health score.
According to a Form 4 filing with the Securities and Exchange Commission, Fernandez sold 70,204 shares on November 11 at an average price of $61.41, 200 shares at $62.07. On November 12, Fernandez sold 6,586 shares at an average price of $61.73, 57,798 shares at $62.70 and 6,020 shares at $63.17. On November 13, Fernandez sold 55,444 shares at an average price of $62.18 and 14,958 shares at $62.75.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, Fernandez continues to indirectly hold 70,402 shares of Class A Common Stock through a trust. He also indirectly holds 3,216,601 shares of Class B Common Stock by Trust and 1,605,500 shares of Class B Common Stock by Santaluz Capital Partners, LLC.While not profitable over the last twelve months, InvestingPro data reveals analysts expect StepStone to be profitable this year with earnings forecasts of $3.26 per share. The stock offers a 2.83% dividend yield with analyst price targets ranging from $66 to $85. Discover StepStone’s comprehensive Pro Research Report, available with numerous additional insights on InvestingPro.
In other recent news, StepStone Group announced its Q2 FY2026 earnings, showing a mixed financial performance. The company reported an adjusted earnings per share (EPS) of $0.45, which fell slightly short of analyst expectations of $0.46, marking a 2.17% negative surprise. Despite the miss on EPS, StepStone Group’s revenue exceeded projections, reaching $271.68 million against the expected $266.13 million, resulting in a positive surprise of 2.09%. These developments highlight the company’s ability to surpass revenue forecasts even as earnings per share lagged behind predictions.
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