Sell alert! Why analysts are calling time on these 2 ASX 300 stocks

With 2026 fast approaching, now is a great time to review your portfolio, and perhaps sell a few S&P/ASX 300 Index (ASX: XKO) shares to help fund potentially more promising ASX shares to buy.

With that in mind we look at two ASX companies – an insurance brokerage company and a tech company which provides mining software solutions – that analysts have recently tipped as sells (courtesy of The Bull).

Limited upside left for this ASX 300 share

The first company you might want to sell is RPMGlobal Holdings Ltd (ASX: RUL).

That’s according to Medallion Financial Group’s Stuart Bromley.

RPMGlobal shares are up 0.3% in late morning trade on Friday, changing hands for $4.915 apiece. This sees the share price up 63.8% in 2025.

“RUL is a high-quality mining software business, operating as a pure play software-as-a-service provider to major mining clients and state governments,” Bromley said.

So, why is he issuing a sell recommendation on the ASX 300 share?

Bromley explained:

RUL received a takeover offer at $5 a share. A RUL shareholder vote regarding the takeover proposal is scheduled for December 19. The stock was trading at $4.91 on November 27, so upside is limited.

That takeover offer was lobbed by United States based mining equipment manufacturer Caterpillar Inc (NYSE: CAT). RPMGlobal announced the acquisition deal on 1 September. And investors responded by sending the share price rocketing 22.8% on the day.

Bromley conclude, “With many quality large market capitalisation stocks now trading at meaningful discounts, we believe it’s more beneficial to sell and redeploy the capital into more attractive opportunities.”

Which brings us to…

Company facing earnings pressure

Peak Asset Management’s Niv Dagan believes it is time for investors to sell Steadfast Group Ltd (ASX: SDF).

“Steadfast operates a large general insurance broker network,” he said.

Steadfast shares are up 2.2% at time of writing on Friday, swapping hands for $5.11 each. But the ASX 300 share has underperformed this year, with the Steadfast share price down 12.6% in 2025. Losses which will have been modestly eased by the stock’s 3.8% fully franked dividend yield.

And Dagan believes the company will struggle to outperform in the year ahead.

“Steadfast has materially reduced fiscal year 2026 premium rate expectations, cutting Australian premium growth guidance from between 3% and 5% to between 1% and 2%,” he noted.

Dagan added:

While underlying net profit after tax guidance remains between $315 million and $325 million in fiscal year 2026, the company is increasingly reliant on acquisitions and cost-out initiatives to meet earnings targets.

Connecting the dots, Dagan said, “Structural pressures in insurance broking are intensifying. The shares have fallen from $6.63 on October 28 to trade at $5.225 on November 27.”

The post Sell alert! Why analysts are calling time on these 2 ASX 300 stocks appeared first on The Motley Fool Australia.

More reading

• What are analysts saying about Goodman and these ASX stocks?
• Why are Steadfast shares sinking 5% today?
• Macquarie tips 37% upside for Steadfast shares

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended RPMGlobal and Steadfast Group. The Motley Fool Australia has positions in and has recommended Steadfast Group. The Motley Fool Australia has recommended RPMGlobal. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.