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

Senator Markwayne Mullin (R-Oklahoma) recently bought shares of Stride, Inc. (NYSE:LRN). In a filing disclosed on January 31st, the Senator disclosed that they had bought between $15,001 and $50,000 in Stride stock on January 2nd.

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

• Sold $15,001 – $50,000 in shares of iShares Core MSCI EAFE ETF (BATS:IEFA) on 1/8/2025.
• Sold $15,001 – $50,000 in shares of iShares MSCI Eurozone ETF (BATS:EZU) on 1/8/2025.
• Sold $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 1/8/2025.
• Purchased $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Westinghouse Air Brake Technologies (NYSE:WAB) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 1/2/2025.
• Purchased $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 1/2/2025.

Stride Trading Up 0.5 %

Shares of Stride stock opened at $134.76 on Friday. The firm’s 50-day moving average price is $110.56 and its two-hundred day moving average price is $92.29. The company has a quick ratio of 5.50, a current ratio of 5.60 and a debt-to-equity ratio of 0.38. Stride, Inc. has a 12-month low of $54.81 and a 12-month high of $137.54. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 0.96 and a beta of 0.32.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.11. Stride had a return on equity of 23.16% and a net margin of 12.30%. On average, analysts forecast that Stride, Inc. will post 6.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stride

Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in Stride by 0.6% in the second quarter. Sei Investments Co. now owns 40,210 shares of the company’s stock worth $2,834,000 after purchasing an additional 242 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Stride in the 2nd quarter worth about $230,000. The Manufacturers Life Insurance Company grew its position in Stride by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 23,851 shares of the company’s stock valued at $1,681,000 after buying an additional 822 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Stride during the second quarter valued at about $374,000. Finally, Sanctuary Advisors LLC purchased a new position in Stride in the second quarter valued at about $534,000. 98.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LRN. Barrington Research lifted their price target on shares of Stride from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com cut Stride from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their target price on shares of Stride from $94.00 to $109.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price objective on shares of Stride from $122.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Canaccord Genuity Group boosted their price target on shares of Stride from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

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.

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.