Stride (NYSE:LRN) Director Brian Shepherd Purchases 12,000 Shares of Company Stock

Stride, Inc. (NYSE:LRN) Director Brian Shepherd bought 12,000 shares of the stock in a transaction on Monday, November 2nd. The stock was purchased at an average cost of $76.69 per share, with a total value of $920,280.00. Following the completion of the purchase, the director directly owned 13,094 shares in the company, valued at $1,004,178.86. This trade represents a 1,096.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Stride Trading Up 5.6%

LRN traded up $4.18 during trading on Wednesday, hitting $79.23. The company’s stock had a trading volume of 1,357,748 shares, compared to its average volume of 940,545. The firm’s 50 day moving average price is $81.08 and its 200-day moving average price is $85.81. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.56 and a quick ratio of 2.53. The stock has a market cap of $3.33 billion, a PE ratio of 10.93, a PEG ratio of 0.42 and a beta of 0.16. Stride, Inc. has a twelve month low of $60.61 and a twelve month high of $103.67.

Stride (NYSE:LRN) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.30. Stride had a return on equity of 22.06% and a net margin of 13.18%. The company had revenue of $639.38 million for the quarter, compared to analyst estimates of $612.25 million. During the same quarter in the prior year, the company posted $1.40 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect that Stride, Inc. will post 9.04 earnings per share for the current year.

Institutional Trading of Stride

A number of institutional investors have recently modified their holdings of LRN. Fulcrum Asset Management LLP increased its position in Stride by 3,220.8% during the 3rd quarter. Fulcrum Asset Management LLP now owns 3,520 shares of the company’s stock worth $266,000 after purchasing an additional 3,414 shares in the last quarter. Ethic Inc. acquired a new position in Stride during the third quarter valued at approximately $237,000. Alps Advisors Inc. lifted its position in Stride by 17.9% during the third quarter. Alps Advisors Inc. now owns 7,020 shares of the company’s stock valued at $547,000 after buying an additional 1,068 shares in the last quarter. CenterBook Partners LP lifted its position in Stride by 339.6% during the third quarter. CenterBook Partners LP now owns 77,618 shares of the company’s stock valued at $6,053,000 after buying an additional 59,960 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Stride by 26.2% during the third quarter. Commonwealth Equity Services LLC now owns 12,147 shares of the company’s stock valued at $947,000 after buying an additional 2,519 shares in the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LRN. Weiss Ratings upgraded Stride from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Zacks Research raised Stride from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 28th. Barrington Research lowered their price target on Stride from $125.00 to $115.00 and set an “outperform” rating for the company in a report on Friday, October 23rd. BMO Capital Markets dropped their price objective on shares of Stride from $93.00 to $90.00 and set a “market perform” rating for the company in a research note on Monday, October 5th. Finally, William Blair lowered shares of Stride from an “outperform” rating to a “market perform” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.25.

About Stride

Stride, Inc is an education technology company that provides online and blended learning programs for K-12 students. The company partners with public school districts, charter schools and other education organizations to deliver digital curricula, instructional software, teaching support and student services. Its offerings are designed to support full-time virtual schools, supplemental courses and traditional schools incorporating online learning.

Stride also provides career-focused education through programs that combine academic instruction with career exploration, technical training and industry-aligned learning opportunities.