Atom Investors LP Buys Shares of 14,938 Stride, Inc. (NYSE:LRN)

Atom Investors LP acquired a new position in shares of Stride, Inc. (NYSE:LRN - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,938 shares of the company's stock, valued at approximately $1,274,000.

Other large investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new stake in shares of Stride during the 2nd quarter worth $78,000. Mendota Financial Group LLC acquired a new stake in Stride in the third quarter valued at about $86,000. GAMMA Investing LLC boosted its stake in Stride by 45.3% in the third quarter. GAMMA Investing LLC now owns 2,061 shares of the company's stock valued at $176,000 after buying an additional 643 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Stride by 24.2% in the third quarter. Central Pacific Bank Trust Division now owns 2,153 shares of the company's stock valued at $184,000 after buying an additional 420 shares in the last quarter. Finally, Retirement Guys Formula LLC bought a new position in Stride in the third quarter valued at about $203,000. Institutional investors own 98.24% of the company's stock.

Stride Stock Up 0.7 %

Stride stock traded up $0.76 during mid-day trading on Wednesday, reaching $110.80. The stock had a trading volume of 959,629 shares, compared to its average volume of 831,688. The firm has a market capitalization of $4.83 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30. 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 fifty-two week low of $54.81 and a fifty-two week high of $112.80. The stock's 50-day simple moving average is $90.07 and its 200-day simple moving average is $79.87.

Stride (NYSE:LRN - Get Free Report) last announced its 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 company 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%. Stride's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, sell-side analysts forecast that Stride, Inc. will post 6.66 EPS for the current fiscal year.

Insider Activity at Stride

In other Stride news, Director Todd Goldthwaite sold 8,028 shares of the business's 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 owns 85,058 shares of the company's stock, valued at approximately $7,786,209.32. The trade was a 8.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LRN shares. Barrington Research increased their target price on Stride from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group increased their target price on Stride from $94.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group started coverage on Stride in a research report on Thursday, August 8th. They issued a "buy" rating and a $94.00 target price for the company. StockNews.com downgraded Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Citigroup raised their price objective on Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. 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, the company has an average rating of "Moderate Buy" and an average target price of $90.17.

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.