Anthony Keathley, Chief Accounting Officer at StepStone Group Inc. (NASDAQ:STEP), recently sold 729 shares of the company's Class A Common Stock. The shares were sold at a price of $68.85 each, resulting in a total transaction value of $50,191. Following this sale, Keathley retains ownership of 2,158 shares. This transaction was documented in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, StepStone Group Inc. reported impressive Q2 FY2025 results, demonstrating substantial year-over-year growth in fee-related earnings and a significant increase in fee-earning assets. The GAAP net income stood at $53.1 million, with an adjusted net income of $53.6 million. Notably, the company closed its largest private equity secondaries fund at $4.8 billion and a private debt offering of $175 million.
In addition to these major developments, fee-earning assets increased by $4 billion, generating nearly $6 billion in gross AUM inflows. The company's management has expressed optimism about their position in private markets and anticipates generating larger seasonal incentive fees from their SPRING Private Wealth Fund.
Despite some muted asset realizations, the company expects improvements as market conditions evolve. Furthermore, the firm's management highlighted a $700 million net accrued carry, indicating potential for future performance fees. These recent developments underscore StepStone Group's strong financial performance and strategic growth in key areas.
InvestingPro Insights
StepStone Group Inc. (NASDAQ:STEP) has been experiencing significant growth and financial performance, which adds context to the recent insider sale by Chief Accounting Officer Anthony Keathley. According to InvestingPro data, the company's revenue growth stands at an impressive 48.87% over the last twelve months as of Q2 2025, with a strong quarterly revenue growth of 41.93% in Q2 2025. This robust top-line expansion is complemented by a healthy gross profit margin of 43.16%.
The market has taken notice of StepStone's performance, with the stock delivering a remarkable 140.86% total return over the past year. This strong momentum is further evidenced by the 72.18% return over the last six months. An InvestingPro Tip highlights that STEP has shown a "Strong return over the last three months," which aligns with the insider sale occurring at a time when the stock price is near its 52-week high, currently at 92.21% of that peak.
Despite the positive growth indicators, investors should note that STEP is trading at a high earnings multiple, with a P/E ratio of 101.85. This valuation metric suggests that the market has high expectations for future growth, which may explain why insiders might consider taking some profits. Another InvestingPro Tip points out that the company "Has raised its dividend for 3 consecutive years," indicating a commitment to shareholder returns alongside its growth trajectory.
For readers interested in a more comprehensive analysis, InvestingPro offers 11 additional tips for StepStone Group, providing a deeper understanding of the company's financial health and market position.
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