Stride, Inc. (NYSE:LRN) Director Todd Goldthwaite Sells 8,028 Shares

Stride, Inc. (NYSE:LRN) Director Todd Goldthwaite sold 8,028 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $91.54, for a total transaction of $734,883.12. Following the sale, the director now directly owns 85,058 shares of the company’s stock, valued at approximately $7,786,209.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Stride Price Performance

Stride stock opened at $91.07 on Wednesday. The stock has a 50-day moving average price of $80.05 and a two-hundred day moving average price of $73.63. Stride, Inc. has a 12 month low of $54.12 and a 12 month high of $92.75. The company has a market capitalization of $3.94 billion, a PE ratio of 21.38, a P/E/G ratio of 0.64 and a beta of 0.26. The company has a current ratio of 5.10, a quick ratio of 4.95 and a debt-to-equity ratio of 0.38.

Stride (NYSE:LRN) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.76%. The business had revenue of $551.08 million during the quarter, compared to analyst estimates of $504.29 million. During the same quarter last year, the business earned $0.11 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Stride, Inc. will post 5.04 EPS for the current year.

Analyst Upgrades and Downgrades

LRN has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They set a “buy” rating and a $94.00 price objective for the company. StockNews.com lowered Stride from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group boosted their target price on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price target on shares of Stride from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.17.

Hedge Funds Weigh In On Stride

A number of hedge funds have recently modified their holdings of the business. Motco bought a new position in Stride during the 1st quarter worth $74,000. EntryPoint Capital LLC acquired a new stake in shares of Stride in the first quarter valued at about $77,000. nVerses Capital LLC bought a new position in shares of Stride during the second quarter worth about $78,000. Mendota Financial Group LLC acquired a new position in shares of Stride in the third quarter worth approximately $86,000. Finally, Advisors Asset Management Inc. boosted its holdings in Stride by 38.0% in the first quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock valued at $173,000 after acquiring an additional 754 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

About Stride

Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.