Central Pacific Bank Trust Division Buys 570 Shares of Stride, Inc. (NYSE:LRN)

Central Pacific Bank Trust Division lifted its stake in Stride, Inc. (NYSE:LRN) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,723 shares of the company’s stock after buying an additional 570 shares during the period. Central Pacific Bank Trust Division’s holdings in Stride were worth $283,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mendota Financial Group LLC acquired a new position in Stride in the 3rd quarter valued at approximately $86,000. TD Private Client Wealth LLC lifted its position in Stride by 27.7% in the third quarter. TD Private Client Wealth LLC now owns 1,962 shares of the company’s stock worth $167,000 after purchasing an additional 426 shares during the period. GAMMA Investing LLC boosted its stake in Stride by 45.3% during the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company’s stock worth $176,000 after buying an additional 643 shares in the last quarter. Retirement Guys Formula LLC bought a new stake in Stride in the 3rd quarter valued at $203,000. Finally, Hancock Whitney Corp acquired a new position in shares of Stride in the 2nd quarter valued at $205,000. 98.24% of the stock is owned by institutional investors and hedge funds.

Stride Stock Performance

Shares of NYSE:LRN opened at $107.14 on Friday. The business has a fifty day moving average of $103.48 and a 200-day moving average of $85.81. 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, Inc. has a twelve month low of $54.81 and a twelve month high of $112.80. The firm has a market cap of $4.67 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30.

Stride (NYSE:LRN) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.72. Stride had a net margin of 11.38% and a return on equity of 21.23%. The firm had revenue of $551.08 million during the quarter, compared to analysts’ expectations of $504.29 million. During the same quarter last year, the company posted $0.11 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, equities research analysts predict that Stride, Inc. will post 6.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $91.54, for a total value of $734,883.12. Following the transaction, the director now directly owns 85,058 shares in the company, valued at approximately $7,786,209.32. This trade represents a 8.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barrington Research lifted their target price on shares of Stride from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Citigroup upped their price objective on Stride from $90.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Canaccord Genuity Group raised their target price on Stride from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Three equities 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 $97.50.

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.