ExodusPoint Capital Management LP Acquires Shares of 54,557 Stride, Inc. (NYSE:LRN)

ExodusPoint Capital Management LP purchased a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 54,557 shares of the company's stock, valued at approximately $5,670,000. ExodusPoint Capital Management LP owned 0.13% of Stride as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the business. R Squared Ltd bought a new position in shares of Stride during the fourth quarter worth approximately $37,000. CIBC Private Wealth Group LLC raised its holdings in Stride by 85.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 386 shares of the company's stock valued at $42,000 after acquiring an additional 178 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new stake in shares of Stride during the 4th quarter valued at $77,000. Smartleaf Asset Management LLC grew its holdings in shares of Stride by 372.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 751 shares of the company's stock worth $79,000 after purchasing an additional 592 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in Stride during the fourth quarter worth about $158,000. Institutional investors and hedge funds own 98.24% of the company's stock.

Stride Trading Down 2.1 %

Shares of NYSE:LRN traded down $2.85 during trading on Thursday, reaching $130.85. The stock had a trading volume of 203,176 shares, compared to its average volume of 833,605. Stride, Inc. has a 52 week low of $56.17 and a 52 week high of $145.00. The firm's fifty day moving average is $131.38 and its 200 day moving average is $110.65. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.04 and a beta of 0.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.93 and a current ratio of 6.02.

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Stride (NYSE:LRN - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.11. Stride had a return on equity of 22.42% and a net margin of 12.30%. As a group, equities analysts forecast that Stride, Inc. will post 6.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on LRN. Barrington Research reissued an "outperform" rating and set a $140.00 target price on shares of Stride in a research note on Friday, March 14th. Canaccord Genuity Group boosted their target price on shares of Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Morgan Stanley raised their price target on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on shares of Stride from $134.00 to $139.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Stride has an average rating of "Moderate Buy" and a consensus price target of $120.17.

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.