StepStone Group Inc. (NASDAQ: STEP) reported a sharp year-over-year jump in revenue for the second quarter of 2027, with total revenue reaching $773.1 million. That was well above the $328.1 million estimate, reflecting strong top-line growth for the alternative asset manager.
Profitability, however, remained under pressure. Operating profit came in at a loss of $144.4 million, while net income attributable to common shareholders was a loss of $71.2 million. Diluted earnings per share were -$0.87, compared with expectations for positive earnings.
Cash flow was also negative during the quarter, with cash from operating activities at -$360.6 million. Cash and cash equivalents stood at $213.1 million, while total liabilities rose to $7.7 billion.
- Revenue increased 70.2% from a year earlier.
- Operating profit and net income both remained in the red.
- Diluted EPS came in at -$0.87.
- Operating cash flow was negative for the quarter.
- Liabilities climbed significantly year over year.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
StepStone Group Inc. Insider Trading Activity
StepStone Group Inc. insiders have traded $STEP stock on the open market 9 times in the past 6 months. Of those trades, 2 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $STEP stock by insiders over the last 6 months:
- JOSE A FERNANDEZ (Co-Chief Operating Officer) has made 0 purchases and 7 sales selling 202,290 shares for an estimated $9,611,779.
- MICHAEL I MCCABE (Head of Strategy) has made 2 purchases buying 120,000 shares for an estimated $5,022,072 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
StepStone Group Inc. Hedge Fund Activity
We have seen 175 institutional investors add shares of StepStone Group Inc. stock to their portfolio, and 115 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PITCAIRN WEALTH ADVISORS LLC removed 4,040,795 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $167,127,281
- MILLENNIUM MANAGEMENT LLC removed 1,553,926 shares (-21.7%) from their portfolio in Q2 2026, for an estimated $64,270,379
- JPMORGAN CHASE & CO added 1,520,835 shares (+inf%) to their portfolio in Q2 2026, for an estimated $62,901,735
- FMR LLC removed 873,527 shares (-87.8%) from their portfolio in Q2 2026, for an estimated $36,129,076
- GOLDMAN SACHS GROUP INC added 844,894 shares (+144.8%) to their portfolio in Q2 2026, for an estimated $34,944,815
- POINT72 ASSET MANAGEMENT, L.P. added 817,601 shares (+437.1%) to their portfolio in Q2 2026, for an estimated $33,815,977
- CAPITAL WORLD INVESTORS removed 747,507 shares (-22.8%) from their portfolio in Q2 2026, for an estimated $30,916,889
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
StepStone Group Inc. Price Targets
Multiple analysts have issued price targets for $STEP recently. We have seen 4 analysts offer price targets for $STEP in the last 6 months, with a median target of $61.0.
Here are some recent targets:
- Benjamin Budish from Barclays set a target price of $60.0 on 07/09/2026
- Brennan Hawken from BMO Capital set a target price of $62.0 on 05/21/2026
- Chris Kotowski from Oppenheimer set a target price of $85.0 on 05/21/2026
- John Dunn from Evercore ISI Group set a target price of $60.0 on 05/21/2026
