Stride (NYSE:LRN) Shares Acquired Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Stride, Inc. (NYSE:LRN). In a filing disclosed on November 08th, the Senator disclosed that they had bought between $1,001 and $15,000 in Stride stock on July 30th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Starbucks (NASDAQ:SBUX) on 8/20/2024.
• Sold $15,001 – $50,000 in shares of Edwards Lifesciences (NYSE:EW) on 8/20/2024.
• Purchased $15,001 – $50,000 in shares of IQVIA (NYSE:IQV) on 8/20/2024.
• Purchased $15,001 – $50,000 in shares of TJX Companies (NYSE:TJX) on 8/20/2024.

Stride Stock Up 3.0 %

Shares of LRN opened at $101.88 on Monday. The business’s fifty day moving average price is $82.41 and its two-hundred day moving average price is $75.75. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.77 and a beta of 0.27. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $103.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.50 and a current ratio of 5.60.

Stride (NYSE:LRN) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.72. The business had revenue of $551.08 million for the quarter, compared to analysts’ expectations of $504.29 million. Stride had a return on equity of 21.23% and a net margin of 11.38%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. On average, analysts predict that Stride, Inc. will post 6.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

LRN has been the subject of several analyst reports. Barrington Research lifted their price target on shares of Stride from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup lifted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Canaccord Genuity Group upped their target price on shares of Stride from $94.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price target on Stride from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, StockNews.com downgraded Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Stride currently has an average rating of “Moderate Buy” and a consensus price target of $90.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LRN. Landscape Capital Management L.L.C. acquired a new stake in Stride during the 3rd quarter worth approximately $3,576,000. Intech Investment Management LLC acquired a new stake in Stride during the 3rd quarter worth approximately $1,067,000. Aurora Investment Counsel acquired a new stake in Stride during the 3rd quarter worth approximately $2,019,000. Moran Wealth Management LLC raised its holdings in Stride by 25.0% during the 3rd quarter. Moran Wealth Management LLC now owns 8,635 shares of the company’s stock worth $737,000 after buying an additional 1,728 shares during the period. Finally, Quest Partners LLC raised its holdings in Stride by 20,248.8% during the 3rd quarter. Quest Partners LLC now owns 8,343 shares of the company’s stock worth $712,000 after buying an additional 8,302 shares during the period. 98.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were 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 in the company, valued at approximately $7,786,209.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.76% of the company’s stock.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Stride Company Profile

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.