CFO Michael Malatesta Sells 238,057 Shares of SEM
SEM's CFO, Michael Malatesta, sold a significant number of shares on June 30, 2026.
Key Points
- Michael Malatesta, CFO of SEM, sold 238,057 shares on June 30, 2026, amid other insider sales.
- Shares of SEM traded at $16.51 on Wednesday, with BlackRock reducing its holdings by 1.44 million shares.
- Analysts from Mizuho and RBC Capital downgraded SEM to a 'hold' rating with a target price of $16.5.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 30, 2026, Michael Malatesta, the Chief Financial Officer of SEM, sold 238,057 shares of the company. This insider sale occurred alongside other significant insider transactions, marking a busy day for SEM's executives.
Insider Buying and Selling at SEM
Several insiders at SEM were active on June 30, 2026. Besides CFO Michael Malatesta, Marilyn Tavenner sold 36,035 shares at $16.50 each, and John Saich, the President, parted with 736,412 shares. James Ely III sold 161,674 shares at the same price, while Executive Vice President John Duggan sold 194,710 shares. Vice Chairman David Chernow also sold 656,823 shares at $16.50, and Senior Vice President Christopher Weigl sold 40,000 shares.
Other Institutional Activity in SEM
BlackRock, Inc. trimmed its holdings in SEM by 1,440,407 shares, leaving it with 17,263,327 shares valued at about $281.2 million. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 6,723,557 shares worth $109.5 million. Dimensional Fund Advisors LP increased its stake by 202,736 shares to hold 5,536,331 shares valued at approximately $90.2 million. FIL Ltd also initiated a new position with 4,960,732 shares, valued at about $80.8 million. State Street Corp slightly reduced its holdings by 77,235 shares, ending with 4,319,877 shares worth $70.4 million.
SEM Stock Snapshot
Shares of SEM traded near $16.51 on Wednesday. The stock has seen recent activity in both insider selling and institutional adjustments. Analysts have shown a mixed outlook, with some downgrading their ratings.
$SEM stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 13, 2026, Mizuho downgraded SEM to a 'hold' rating with a price target of $16.50. Earlier, on March 3, 2026, RBC Capital also downgraded the stock to a 'hold' with the same target price. These downgrades reflect a cautious stance amid recent market conditions.
Bottom Line
The recent insider sales at SEM, including a significant transaction by CFO Michael Malatesta, highlight a busy period for the company's leadership. Institutional investors have also been adjusting their positions, with notable changes from major funds like BlackRock and Vanguard. Analysts' downgrades to 'hold' suggest a more cautious outlook for the stock in the near term. As always, it's important to remember that these insider and institutional activities are backward-looking and may not reflect current positions or future intentions.
Get SEM alerts
New 13F filings, insider trades, and analyst moves on $SEM, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.