Candriam S.C.A. Sells 13,338 Shares of Stride, Inc. (NYSE:LRN)

Candriam S.C.A. decreased its position in shares of Stride, Inc. (NYSE:LRN - Free Report) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,196 shares of the company's stock after selling 13,338 shares during the period. Candriam S.C.A. owned approximately 0.14% of Stride worth $6,256,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. purchased a new stake in shares of Stride in the 4th quarter valued at $5,696,000. Congress Asset Management Co. lifted its stake in Stride by 8.2% in the fourth quarter. Congress Asset Management Co. now owns 578,540 shares of the company's stock worth $60,128,000 after purchasing an additional 43,829 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Stride during the fourth quarter valued at about $995,000. Allspring Global Investments Holdings LLC grew its stake in shares of Stride by 61.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 190,431 shares of the company's stock valued at $20,250,000 after buying an additional 72,518 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Stride in the fourth quarter worth about $302,000. Institutional investors own 98.24% of the company's stock.

Stride Stock Down 1.2 %

Shares of LRN stock traded down $1.39 during midday trading on Tuesday, reaching $119.34. 583,104 shares of the stock were exchanged, compared to its average volume of 806,122. Stride, Inc. has a 1 year low of $56.17 and a 1 year high of $145.00. The company's 50 day moving average is $126.17 and its two-hundred day moving average is $103.68. The company has a current ratio of 6.02, a quick ratio of 5.93 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.20 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.46.

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Stride (NYSE:LRN - Get Free Report) last posted its 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%. On average, equities research analysts predict that Stride, Inc. will post 6.67 EPS for the current year.

Wall Street Analyst Weigh In

LRN has been the subject of several recent research reports. BMO Capital Markets boosted their price objective on Stride from $122.00 to $134.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Canaccord Genuity Group raised their target price on Stride from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday. Barrington Research upped their price target on Stride from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley increased their price objective on Stride from $94.00 to $109.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $119.33.

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.