GuruFocus - On May 30, 2024, David Hoffmeister, a director at StepStone Group Inc (NASDAQ:STEP), purchased 22,500 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 45,853 shares of StepStone Group Inc.
StepStone Group Inc is a global private markets firm providing customized investment, portfolio monitoring, and advice to investors. The firm specializes in private equity, infrastructure, and real estate.
The transaction occurred when shares of StepStone Group Inc were priced at $44.29, valuing the purchase at approximately $997,525. The company's market cap stands at $2.814 billion.
According to the price-earnings ratio data, StepStone Group Inc has a ratio of 48.20, which is significantly higher than the industry median of 13.16. This suggests a premium valuation compared to its peers.
The GF Value, an intrinsic value estimate from GuruFocus, is set at $16.05 for StepStone Group Inc, indicating that the stock is currently Significantly Overvalued with a price-to-GF-Value ratio of 2.76.
Over the past year, insider activity at StepStone Group Inc has shown a trend with 2 insider buys and 14 insider sells. The recent purchase by David Hoffmeister represents a notable increase in insider ownership.
This insider buying activity could be a signal to investors about the insiders perspective on the stock's future performance, especially when considering the company's valuation metrics and market performance.
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.
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