Barclays PLC Decreases Position in Stride, Inc. (NYSE:LRN)

Barclays PLC cut its position in Stride, Inc. (NYSE:LRN - Free Report) by 31.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 462,599 shares of the company's stock after selling 214,149 shares during the quarter. Barclays PLC owned about 1.06% of Stride worth $39,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its stake in Stride by 795.5% in the 2nd quarter. Blue Trust Inc. now owns 11,543 shares of the company's stock worth $814,000 after purchasing an additional 10,254 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Stride during the 2nd quarter valued at $534,000. International Assets Investment Management LLC raised its position in shares of Stride by 8,431.7% during the 3rd quarter. International Assets Investment Management LLC now owns 5,119 shares of the company's stock valued at $437,000 after buying an additional 5,059 shares in the last quarter. Quest Partners LLC raised its position in shares of Stride by 20,248.8% during the 3rd quarter. Quest Partners LLC now owns 8,343 shares of the company's stock valued at $712,000 after buying an additional 8,302 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Stride by 24.6% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 36,000 shares of the company's stock valued at $3,071,000 after buying an additional 7,100 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Todd Goldthwaite sold 8,028 shares of Stride stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.54, for a total transaction of $734,883.12. Following the completion of the transaction, the director now directly owns 85,058 shares of the company's stock, valued at $7,786,209.32. This trade represents a 8.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Stride from $84.00 to $88.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Morgan Stanley raised their price objective on shares of Stride from $94.00 to $109.00 and gave the company an "equal weight" rating in a research report on Thursday. Barrington Research raised their price objective 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 lifted their target price on shares of Stride from $90.00 to $94.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, StockNews.com cut shares of Stride from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.50.

Stride Trading Down 1.1 %

Stride stock traded down $1.19 during trading hours on Friday, reaching $106.22. The stock had a trading volume of 408,952 shares, compared to its average volume of 825,840. The stock has a market cap of $4.63 billion, a PE ratio of 19.31, a PEG ratio of 0.80 and a beta of 0.30. Stride, Inc. has a 52 week low of $54.81 and a 52 week high of $112.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 5.60 and a quick ratio of 5.50. The company has a fifty day simple moving average of $94.03 and a 200-day simple moving average of $81.91.

Stride (NYSE:LRN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.72. The firm had revenue of $551.08 million for the quarter, compared to analyst estimates of $504.29 million. Stride had a net margin of 11.38% and a return on equity of 21.23%. The company's revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. Analysts forecast that Stride, Inc. will post 6.66 EPS for the current fiscal year.

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.