sterling (nasdaq: ster) — a leading provider of background and identity services — offers background and identity verification to help over 50,000 clients create people-first cultures built on a foundation of trust and safety. sterling’s tech-enabled services help organizations across all industries establish great environments for their workers, partners, and customers. with operations around the world, sterling conducts more than 95 million background checks annually. visit us at sterlingcheck.com/.check out our current job openings: https://www.sterlingcheck.com/about/careers/
Company profile
Ticker
STER
Exchange
Website
CEO
Joshua L. Peirez
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Sterling Ultimate Parent Corp.
SEC CIK
Corporate docs
Subsidiaries
RISQ Group Holdings Pty Ltd. • Sterling (EMEA) Ltd. • Sterling Asia Pacific Pty Ltd. • Sterling Backcheck Canada Corp. • Sterling Infosystems Inc. • Sterling Intermediate Corp. • Employment Background Investigation, LLC • A-Check America, LLC ...
STER stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
9 Apr 24
DEFA14A
Additional proxy soliciting materials
9 Apr 24
DEF 14A
Definitive proxy
9 Apr 24
S-8
Registration of securities for employees
7 Mar 24
10-K
2023 FY
Annual report
6 Mar 24
425
Business combination disclosure
1 Mar 24
8-K
Entry into a Material Definitive Agreement
1 Mar 24
425
Business combination disclosure
29 Feb 24
425
Business combination disclosure
29 Feb 24
425
Business combination disclosure
29 Feb 24
Transcripts
STER
Earnings call transcript
2023 Q3
8 Nov 23
STER
Earnings call transcript
2023 Q2
8 Aug 23
STER
Earnings call transcript
2023 Q1
9 May 23
STER
Earnings call transcript
2022 Q4
2 Mar 23
STER
Earnings call transcript
2022 Q3
12 Nov 22
STER
Earnings call transcript
2022 Q2
12 Aug 22
STER
Earnings call transcript
2022 Q1
14 May 22
STER
Earnings call transcript
2021 Q4
2 Mar 22
STER
Earnings call transcript
2021 Q3
12 Nov 21
STER
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 49.88 mm | 49.88 mm | 49.88 mm | 49.88 mm | 49.88 mm | 49.88 mm |
Cash burn (monthly) | (no burn) | 4.11 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 27.98 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 21.90 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 5.3 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
79.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 86 |
Opened positions | 21 |
Closed positions | 16 |
Increased positions | 28 |
Reduced positions | 26 |
13F shares | Current |
---|---|
Total value | 929.41 bn |
Total shares | 77.93 mm |
Total puts | 3.90 k |
Total calls | 22.40 k |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
GS Goldman Sachs | 49.81 mm | $610.66 bn |
Wellington Management | 8.17 mm | $100.21 bn |
Progeny 3 | 3.84 mm | $47.07 bn |
BLK Blackrock | 2.67 mm | $32.77 bn |
Vanguard | 2.62 mm | $32.15 bn |
Lazard Asset Management | 1.96 mm | $24.02 mm |
Boston Partners | 1.02 mm | $12.28 bn |
Clearbridge Advisors | 826.60 k | $10.13 bn |
Citadel Advisors | 819.39 k | $10.05 bn |
Geode Capital Management | 547.72 k | $6.72 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Mohit Kapoor | Common Stock | Grant | Acquire A | No | No | 0 | 1,011 | 0.00 | 70,138 |
1 Apr 24 | Jennings Mark E | Common Stock | Grant | Acquire A | No | No | 0 | 972 | 0.00 | 166,166 |
15 Mar 24 | Price Stonehill Robyn | Common Stock | Grant | Acquire A | No | No | 0 | 209,206 | 0.00 | 448,349 |
15 Mar 24 | Joshua L Peirez | Common Stock | Grant | Acquire A | No | No | 0 | 597,729 | 0.00 | 1,708,185 |
15 Mar 24 | Lou Paglia | Common Stock | Grant | Acquire A | No | No | 0 | 209,206 | 0.00 | 618,331 |
News
Stifel Downgrades Sterling Check to Hold, Raises Price Target to $16.5
14 Mar 24
William Blair Downgrades Sterling Check to Market Perform
1 Mar 24
JP Morgan Downgrades Sterling Check to Neutral, Maintains Price Target to $17
1 Mar 24
Why Butterfly Network Shares Are Trading Lower By 22%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
29 Feb 24
12 Industrials Stocks Moving In Thursday's Intraday Session
29 Feb 24
Press releases
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Sterling Check Corp. and Encourages Investors to Contact the Firm
18 Apr 24
SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Sterling Check Corp. (STER) Buyout and Encourages Investors to Contact the Firm
10 Apr 24
STER Alert: Monsey Firm of Wohl & Fruchter Investigating Proposed Sale of Sterling Check Corp. to First Advantage Corporation
6 Mar 24
Shareholder Alert: Ademi LLP investigates whether Sterling Check Corp. has obtained a Fair Price in its transaction with First Advantage
29 Feb 24
SHAREHOLDER NEWS: Johnson Fistel Investigates Proposed Sale of Sterling Check; Are Shareholders Getting a Fair Deal?
29 Feb 24