Michael I. McCabe, Head of Strategy at StepStone Group Inc. (STEP), acquired 96,887 shares of the company on June 11, 2026, for approximately $4.04 million. The shares were purchased at an average price of $41.71 per share.
This significant purchase by a key executive is often interpreted as a strong signal of confidence in StepStone Group's future performance. The transaction adds to previous buying activity from McCabe on the same day, where he also purchased an additional 23,113 shares.
In other recent insider activity at StepStone Group, Jose A. Fernandez has engaged in several sales of company stock. These transactions, occurring earlier in June, involved the sale of shares totaling over $4.7 million. Insider selling can occur for a variety of reasons, including portfolio diversification or tax planning.